Survey on Audit Switching We are final year students from the Bachelor of Accountancy (BACCI) of INTI International University.

We are currently conducting a study on Auditing and Assurance Services entitled Audit Switching. For the purpose of our study, we are currently collecting data for our survey. We assure you that all answers will be held confidential. We value your cooperation and time spent on our study. Instructions: Please tick for the statements which you agree with, and then provide the reasons if necessary. Firm/Company :

1. Do you think audit switching enhances the credibility of corporate audited report?
Yes. No.

2. What do you think are the criteria that influence a company on selecting audit firm? (Rank the items from 1 to 5 according to what is most important.)
Audit Approach Proposed Fee Relationship to the Firm Overall Capabilities Audit Rotation Policy Others: Professional Team Assigned Qualifications Client Base Reputation

3. In your opinion, what are the main reasons behind audit switching? (Rank the items from 1 to 5 according to what is most important.)
Change of Engagement Partner Change of Management Disagreement between Client and Auditor Accounting Disagreement Others: Fee Discrepancy Lack of Audit Expertise Qualified Audited Report Auditor Reputation

4. Market confidence increased as U.S. regulatory bodies encourage companies to switch from big to smaller audit firms. In Malaysian context, will market react similarly as in the U.S.?

5. From year 1986 to 1996, there were 135 cases of audit switching among Main Board listed companies in Bursa Malaysia with a total of 181 new listings. Do you think audit switching will able to give positive impact on the success of IPOs?
Yes. No.

6. In your opinion, what would be the market response for audit switching?
Positive response Negative response

7. In order to maintain profit margin, some audit firms provide lower audit fees than the Malaysian Institute of Accountants (MIA) guidelines to obtain new clients which enhance audit switching. Do you agree with this statement?
Yes. No.

8. Which are the important factors can affect the pricing of audit fees that enhance audit switching? (Rank the items from 1 to 5 according to what is most important.)
number of hours spent types of items requiring auditing number of site visits the level and quality of internal auditing quality of the personnel requirement quality of the client number of years the auditing firm has been associated with the client Others: