ACCOUNTING IRREGULARITIES IN FINANCIAL STATEMENTS: AN ANALYSIS OF PUBLIC REPRIMAND ANNOUNCEMENT

  • Emie Famieza Zainudin School of Maritime Business and Management, Universiti Malaysia Terengganu
  • Hafiza Aishah Hashim School of Maritime Business and Management, Universiti Malaysia Terengganu

Abstract

The issue of accounting irregularities in corporate reporting in Malaysia has caused a great deal of concern with respect to financial statement reliability.Bursa Malaysia Securities Berhad has publicly reprimanded companies that failed to comply with the Listing Requirements of Bursa Malaysia. The mainobjective of this study is to document the nature and extent of accounting irregularities involving public reprimand announcements. This study focuseson Malaysian public listed companies from 2007 to 2013. This study uses the classification system and documents five categories of violation underpublic reprimand announcements (i.e. (1) failure to make an immediate announcement on material facts on a timely basis; (2) failure to submitannual reports or late submission of annual or quarterly reports; (3) failure to take into account the adjustments/inconsistent amount of reported profitor loss with audited amount; (4) market manipulation or insider trading, and (5) questionable corporate exercises).
Keywords: Public reprimand announcement, Bursa Malaysia, public listedcompany
Published
Jun 23, 2016
How to Cite
ZAINUDIN, Emie Famieza; HASHIM, Hafiza Aishah. ACCOUNTING IRREGULARITIES IN FINANCIAL STATEMENTS: AN ANALYSIS OF PUBLIC REPRIMAND ANNOUNCEMENT. Management & Accounting Review (MAR), [S.l.], v. 15, n. 1, p. 363-388, june 2016. ISSN 2550-1895. Available at: <http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/577>. Date accessed: 30 nov. 2021. doi: http://dx.doi.org/10.24191/mar.v15i1.577.