Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/3020
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dc.date.accessioned2015-05-25T13:20:24Z
dc.date.available2015-05-25T13:20:24Z
dc.date.issued2009
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/3020
dc.descriptionB.ACCTY.(HONS)en_GB
dc.description.abstractThe objective of the study was to assess the perception of bankers and the Inland Revenue Department, in relation to the introduction of review and compilation engagements, instead of the statutory audit. The study also identified any benefits and disadvantages that interviewees might obtain from a review or compilation engagement. The study includes an overview of relevant literature, followed by the results achieved by conducting interviews with representatives of four different major commercial banks in Malta, as well as with six representatives of the Audits and Compliance Section of the Inland Revenue Department. The study found that, the majority of respondents did not agree with the small company audit exemption, as a level of assurance is still required for small companies. Respondents, especially Inland Revenue interviewees, did not reject a review engagement instead of an audit, but they did not agree with the current procedures that were currently performed in a review engagement. On the other hand, compilation engagements were completely rejected by respondents. Overall, the study concludes that respondents were averse to change and that they prefer to retain the audit, even for small companies. The study recommends the statutory audit exemption and the introduction of a review engagement for small companies. Furthermore, it recommends that more knowledge is created in relation to the services of an audit, review and compilation engagements and the characteristics of Maltese small companies.en_GB
dc.language.isoenen_GB
dc.rightsinfo:eu-repo/semantics/restrictedAccessen_GB
dc.subjectAuditing, Internal -- Maltaen_GB
dc.subjectInternal revenue -- Maltaen_GB
dc.subjectBankers -- Maltaen_GB
dc.subjectAccounting -- Maltaen_GB
dc.titleThe review and compilation alternatives to the small company audit : user perspectivesen_GB
dc.typebachelorThesisen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publisher.institutionUniversity of Maltaen_GB
dc.publisher.departmentFaculty of Economics, Management & Accountancy. Department of Accountancyen_GB
dc.description.reviewedN/Aen_GB
dc.contributor.creatorVella, Claire
Appears in Collections:Dissertations - FacEma - 2009
Dissertations - FacEMAAcc - 2009

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