Publication:
The impact of audit committee existence on the external audit: perceptions of Malaysian bankers
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Date
2009
SDG:
Abstract
The efforts towards better corporate governance practices of firms in the Malaysian capital market were started by the Securities Commission (SC) as early as 1996 in three-phased shift disclosure-based regulations (DBR). During Phase 1 (1996-1999: Flexible/Hybrid Merit Based Regime), the emphasis was to regulate on disclosure, due diligence and corporate governance. Phase 2 (January 2000: Partial DBR) still focused on corporate disclosure, due diligence and corporate governance, but included focus on promotion of accountability and self-regulation. In Phase 3 (2001 onwards: Full DBR) the SC enforced high standards of disclosure, due diligence and corporate governance as well as exercise of self regulation and responsible conduct.
Keywords
Corporate governance , Audit committee , Bankers , Auditor , Malaysia
Citation
Muhamad Sori, Z., & Ramadili Mohd, S. M. (2009). The impact of audit committee existence on the external audit: perceptions of Malaysian bankers. In Rosmila Senik, Zaidi Mat Daud and Zulkarnain Muhamad Sori (Eds.), Research in accounting (pp. 36-49). Serdang, Selangor: UPM Press.
Publisher
UPM Press
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