Commercialization of accounting profession: the case of non-audit services

Over the last decade, the accounting profession has witnessed the commercialisation of audit firms through offering of non-audit services (i.e. business consultancy services) to their audit client. Regulators and stakeholders have placed a great concern on the potential threat of commercialization o...

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Main Authors: Muhamad Sori, Zulkarnain, Karbhari, Yusuf, Ramadilli Mohd, Shamsher Mohamad
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2010
Online Access:http://psasir.upm.edu.my/id/eprint/39476/1/39476.pdf
http://psasir.upm.edu.my/id/eprint/39476/
http://econ.upm.edu.my/ijem/vol4_no2.htm
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spelling my.upm.eprints.394762015-08-03T06:09:07Z http://psasir.upm.edu.my/id/eprint/39476/ Commercialization of accounting profession: the case of non-audit services Muhamad Sori, Zulkarnain Karbhari, Yusuf Ramadilli Mohd, Shamsher Mohamad Over the last decade, the accounting profession has witnessed the commercialisation of audit firms through offering of non-audit services (i.e. business consultancy services) to their audit client. Regulators and stakeholders have placed a great concern on the potential threat of commercialization of audit services on perceived auditor independence. This study reports the effects of the joint provision of audit and non-audit services (NAS) and the type of NAS on perceived auditor independence. The main findings suggest that auditor independence is perceived to be compromised when audit and NAS were jointly offered by audit firms. However, when there exist proper segregation of duties in audit firms that offer both services, the perception changed. Faculty of Economics and Management, Universiti Putra Malaysia 2010-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/39476/1/39476.pdf Muhamad Sori, Zulkarnain and Karbhari, Yusuf and Ramadilli Mohd, Shamsher Mohamad (2010) Commercialization of accounting profession: the case of non-audit services. International Journal of Economics and Management, 4 (2). pp. 212-242. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol4_no2.htm
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Over the last decade, the accounting profession has witnessed the commercialisation of audit firms through offering of non-audit services (i.e. business consultancy services) to their audit client. Regulators and stakeholders have placed a great concern on the potential threat of commercialization of audit services on perceived auditor independence. This study reports the effects of the joint provision of audit and non-audit services (NAS) and the type of NAS on perceived auditor independence. The main findings suggest that auditor independence is perceived to be compromised when audit and NAS were jointly offered by audit firms. However, when there exist proper segregation of duties in audit firms that offer both services, the perception changed.
format Article
author Muhamad Sori, Zulkarnain
Karbhari, Yusuf
Ramadilli Mohd, Shamsher Mohamad
spellingShingle Muhamad Sori, Zulkarnain
Karbhari, Yusuf
Ramadilli Mohd, Shamsher Mohamad
Commercialization of accounting profession: the case of non-audit services
author_facet Muhamad Sori, Zulkarnain
Karbhari, Yusuf
Ramadilli Mohd, Shamsher Mohamad
author_sort Muhamad Sori, Zulkarnain
title Commercialization of accounting profession: the case of non-audit services
title_short Commercialization of accounting profession: the case of non-audit services
title_full Commercialization of accounting profession: the case of non-audit services
title_fullStr Commercialization of accounting profession: the case of non-audit services
title_full_unstemmed Commercialization of accounting profession: the case of non-audit services
title_sort commercialization of accounting profession: the case of non-audit services
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2010
url http://psasir.upm.edu.my/id/eprint/39476/1/39476.pdf
http://psasir.upm.edu.my/id/eprint/39476/
http://econ.upm.edu.my/ijem/vol4_no2.htm
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score 13.160551