Audit quality can be defined as relating to the probability that financial statements contain no material omissions or misstatements. Previous research on the subject of audit quality relies on the assumption that large audit firms (Big 4) are homogenous in providing higher audit quality than...

The highly prescriptive and technical provisions of Financial Reporting Standard (FRS) 136 – Impairment of Assets (FRS 136, 2009) represent a very substantial variation from past practice. This gives rise to questions about how Malaysian companies and their auditors have fared during the...