A Paradigm Shift Of Auditors' Role, Duties And Liabilities In Malaysia

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.