Evaluating the Effectiveness of External Auditors for Public Limited Companies in Malawi

5 Pages Posted: 9 Apr 2012

See all articles by Brian Phiri Kampanje

Brian Phiri Kampanje

Blantyre International University - Accounting and Finance Department; Mergers, Acquisitions and Disposals Journal

Date Written: April 8, 2012

Abstract

The roles and liabilities of public accountants (audit firms) are limited to the members (shareholders) or those charged with corporate governance (such as trustees) of a particular firm as clearly affirmed in International Standard on Auditing (ISA 200) – Objectives of the auditor.

The results of this study however suggest that significant business is denominated by only two international audit firms in Malawi. This could be a potential source of conflict as the dominant public accountants firms may not have sufficient resources to effectively undertake quality control measures and avoid accidental or intentional leaking of sensitive information between or among competitors. Regulatory authorities should explore means of protecting shareholders.

Keywords: Auditor, companies, Malawi, External, ISA

JEL Classification: K20, K29, L50, M40

Suggested Citation

Kampanje, Brian Phiri, Evaluating the Effectiveness of External Auditors for Public Limited Companies in Malawi (April 8, 2012). Available at SSRN: https://ssrn.com/abstract=2032586 or http://dx.doi.org/10.2139/ssrn.2032586

Brian Phiri Kampanje (Contact Author)

Blantyre International University - Accounting and Finance Department ( email )

Private Bag 98
New Naperi
Blantyre, 265
Malawi

Mergers, Acquisitions and Disposals Journal ( email )

P.O. Box 2567, Blantyre
Blantyre, Blantyre 265
Malawi
265998247369 (Phone)

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