1.

Record Nr.

UNINA9911022359603321

Autore

Krishnan Loganathan

Titolo

A Paradigm Shift of Auditors' Role, Duties and Liabilities in Malaysia : From Watchdog to Bloodhound / / by Loganathan Krishnan

Pubbl/distr/stampa

Singapore : , : Springer Nature Singapore : , : Imprint : Springer, , 2025

ISBN

981-9507-96-0

Edizione

[1st ed. 2025.]

Descrizione fisica

1 online resource (310 pages)

Collana

Business and Management Series

Disciplina

346.07

Soggetti

Commercial law

Auditing

Torts

Common law

Contracts

Corporation law

Business Law

Common Tort Law

Common Contract Law

Common Company Law

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

1. Introduction -- 2. Reforms Relating to the Office and Powers of Auditors -- 3. Duties and Obligations of Auditors -- 4. To Whom Auditors Should Owe Their Duties? -- 5. Auditors’ Duty and Liability Position under Law of Tort -- 6. Auditors’ Legal Position Under Law of Contract and Criminal Law -- 7. Audit Standards, Guidelines, by-Laws and Supervision of Auditors -- 8. Conclusion.

Sommario/riassunto

This book contributes to the legal discourse on the role, duties and liabilities of auditors in Malaysia from multiple perspectives. Challenges faced by auditors and their responses will also be discussed. The relevant provisions in the Companies Act 2016, Capital Market and Services Act 2007, Financial Services Act 2013, Central Bank of Malaysia’s Guidelines, and the Malaysian Code of Corporate Governance 2021 and By-Laws are examined, and where necessary, reforms are



proposed. Thus, this book will serve as a helpful guide for practitioners in advising their clients who are auditors. The book will also serve as a reference point for regulators and policy makers on the issues raised by the author on the approaches taken in other jurisdictions. Judges may also refer to this book to obtain a holistic view on auditors’ legal position. Other researchers may develop further research gaps pointed out by the author and elevate the research to greater heights in order to garner changes in the laws. Researchers from other jurisdictions may refer to this book to obtain a vivid view on the legal position of auditors in Malaysia. Finally, auditors may take a leaf or two from this book in managing their role, duties and liabilities more effectively.