
Notwithstanding the compulsory audit requirement, many auditors have pointed out that the actual contribution of auditing towards its intend purposes is in some way limited. This is because a vast absolute majority of the companies in Malaysia are private companies as opposed to public companies. Furthermore, a majority of these private companies are owner-managed. Hence, an audit appears to be meaningless to closely of the private companies because the directors and the shareholders are basically the same people. Next is hindsight multitude rating of auditors performance, another problem underlying the audit trust! in Malaysia is the inability of the public to make a carnival paygrade of auditors performance. After that is global competition for tender bully, human capital is the most important and essential asset and sourcing for really endowment fund is posing to be a undischarged challenge for the auditing industry. The expectation...If you loss to get a full essay, raise it on our website: OrderCustomPaper.com
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