Unqualified audit report and non-compliance with IFRS: Interview evidence

This study aims to explore the reasons why an unqualified audit report was issued despite non-compliance with the international financial reporting standards (ifrs) disclosure requirements. to achieve this objective,a semi-structured interview was used to gather opinions of auditors. our findings suggest that materiality and true and fair view could be the reasons for issuing a clean audit report despite significant non-compliance with accounting standards. the findings of this study might assist regulators,standard setters and professional accounting bodies in monitoring and safeguarding the quality of financial reporting. © universiti putra malaysia press.