This study investigates the moderating roles of audit reputation and ESG related risk management on the relationship
between earnings manipulat ion and firm value in Southeast Asia. Using panel data from publicly listed firms across
Indonesia, Malaysia, Thailand, the Philippines, Singapore and Vietnam for 6 years (2018 2023), we analyze how these
factors influence the impact of earnings manipulati on on firm value. Earnings manipulation is assessed through Beneish’s M score, while audit reputation is measured by Big 4 audit firm and ESG related risk is evaluated based on ESG scores and associated challenges. Our findings reveal that earnings manipul ation, audit reputation, ESG related risk management practice, firm size, and profitability are positively associated with firm valuation. In contrast, firm age and leverage have negative impacts. Furthermore, the presence of a Big 4 auditor and ESG relate d risk management practice positively moderates the impact of earnings manipulation on valuation. This study underscores the need for enhanced audit quality and ESG transparency to protect firm value and investor confidence, thereby providing valuable guid ance for investors, regulators, and policymakers in Southeast Asia and suggesting directions for future research in emerging markets.