Title AirAsia Berhads accounting in the spotlight / Siti Seri Delima Abdul Malak (College of Business, Universiti Utara Malaysia, Sintok, Kedah, Malaysia), and Wan Nordin B. Wan Hussin (Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Sintok, Malaysia)

Published Bingley, U.K. : Emerald Publishing Limited, 2019 ©2019

Online access available from: Emerald Emerging Markets    View Resource Record

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Description 1 online resource (4 pages) : 26 illustrations ; cm Series Emerald emerging markets case studies, 2045-0621 ; volume 9, issue 1 Notes The case is appropriate for courses in financial accounting and reporting, audit and assurance, forensic accounting, accounting practice and regulations and corporate governance. After studying the case, students should be able to explain the concept of control and power under IFRS; explain the concept of economic; discuss audit committee and external auditor independence issues and ways to strengthen auditors independence; assess the usefulness of the new extended audit report; and evaluate the role of gatekeepers such as financial analysts, audit committee, external auditor, institutional investors and regulators in enhancing the quality of financial reporting This case focuses on the accounting policy choices of the foreign associates of AirAsia Berhad. AirAsia Berhad is a phenomenal success, from a debt laden company to having been voted as Worlds Best Low-Cost Airline in the annual World Airline Survey by Skytrax for eight consecutive years from 2009 to 2016 and the Worlds Leading Low-Cost Airline in the annual World Travel Awards for four consecutive years from 2013 to 2016. In June 2015, an analyst report was leaked, and it led to heated discussion and exchanges in the market. The report questioned the non-consolidation of AirAsia Berhad associates. The share market also reacted. Various players in the market came into foray with their statements and opinions on the merit of the accounting policy choice by AirAsia Berhad. Whose views actually reflect the nature of accounting policy choice that is true and fair? Are these gatekeepers attesting to the accounting crux of substance over form? Senior undergraduates; MBA; EMBA Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes Bibliography Includes bibliographical references and index Subject AirAsia. Accounting. Corporate governance. Business & Economics -- Corporate Finance -- General. Accounting. Form Electronic book Author Wan Hussin, Wan Nordin B, author

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