Re-thinking the regulation governing enhanced auditors' report

Research output: Contribution to conferenceAbstractpeer-review


Various duties have been imposed by the common law, Companies Act 2016, Capital Market and Services Act 2007, Code of Corporate Governance 2021, By-Laws (On Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants and Central Bank of Malaysia’s Guidelines on auditors. This is to ensure that auditors prepare a reliable report as there are various parties who will depend on the report before making certain decisions. Nevertheless, there were cases of financial irregularities which were not detected by the auditors. This has severely affected the reliability of auditors’ report and the significance of the audit profession. The decision was then made by the regulators and professional bodies to enhance the duties of auditors in order to ensure that auditors’ report is more reliable, credible and transparent. Thus, the requirement of Enhanced Auditors’ Report (EAR) was expected of auditors. This not only concerns auditors, as the wider eco-system of reporting involves those governing a corporation i.e. the directors of the company. This study will explore the legal perspective of EAR and revisit the duties that are imposed on auditors. The study will also explore the extent EAR is required of auditors. The study will examine the extent EAR will enhance the duties of auditors and standard expected of auditors in preparing the report. A comparative study will be undertaken with the approach taken in Australia to take a leaf or two on the success of EAR.
Original languageEnglish
Number of pages1
Publication statusPublished - 2022
EventSociety of Corporate Law Academics Annual Conference 2022: Re: The Corporation Re-Thinking, Re-Forming, Re-Imagining - University of the Sunshine Coast, Sippy Downs, Australia
Duration: 3 Jul 20225 Jul 2022


ConferenceSociety of Corporate Law Academics Annual Conference 2022
Abbreviated titleSCOLA 2022
CitySippy Downs
Internet address


  • Auditors
  • EAR

Cite this