e-ISSN 2231-8542
ISSN 1511-3701
Mazni Abdullah, Noor Sharoja Sapiei and Nazli Ismail Nawang
Pertanika Journal of Tropical Agricultural Science, Volume 25, Issue S, March 2017
Keywords: Audit report, IFRS, materiality, true and fair view
Published on: 25 September 2017
This study aims to explore the reasons why an unqualified audit report was issued despite non-compliance with the International Financial Reporting Standards (IFRS) disclosure requirements. To achieve this objective, a semi-structured interview was used to gather opinions of auditors. Our findings suggest that materiality and true and fair view could be the reasons for issuing a clean audit report despite significant non-compliance with accounting standards. The findings of this study might assist regulators, standard setters and professional accounting bodies in monitoring and safeguarding the quality of financial reporting.
ISSN 1511-3701
e-ISSN 2231-8542