The Impact Of Corporate Governance Characteristics On Audit Report Lag
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The Impact Of Corporate Governance Characteristics On Audit Report Lag
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Author : Siti Norwahida binti Shukeri
language : en
Publisher:
Release Date : 2011
The Impact Of Corporate Governance Characteristics On Audit Report Lag written by Siti Norwahida binti Shukeri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Auditing categories.
Timeliness of corporate annual financial reports is considered to be a critical and important factor affecting the usefulness of information that is made available to external users. The length of the audit process highly affects the timeliness of corporate financial reporting as documented by prior literature. The purpose of this study is to examine the impact of corporate governance characteristics on audit report lag in Malaysia. The corporate governance characteristics are board independence, audit committee size, audit committee meetings and audit committee qualifications. Consequently, the study applied the agency theory and formulated seven hypotheses that guided the analysis. The study sample comprised 703 Malaysian listed companies from Bursa Malaysia, which complied with the regulatory requirements and subjected to supervision of the Central Bank of Malaysia. Regression analysis was performed to examine the audit report lag determinants. The results show that audit report lag is influenced by audit committee size, auditor type, audit opinion and firm profitability. However, no evidence was found to support the effects of board independence, audit committee meetings and audit committee qualifications on audit report lag. Apart from contributing to the literature on corporate governance and audit timeliness, this study also falls under the strand of literature that examines the consequences of regulatory changes. Detail explanations of the findings of the study along with its implications, limitations and future research suggestions are highlighted.
Audit Reporting Lag In Russia
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Author : Barakaev Otabek Otaqulovich
language : en
Publisher:
Release Date : 2011
Audit Reporting Lag In Russia written by Barakaev Otabek Otaqulovich and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Corporate governance categories.
Evidence On The Relation Between Corporate Governance Characteristics And The Quality Of Financial Reporting
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Author : David W. Wright
language : en
Publisher:
Release Date : 1996
Evidence On The Relation Between Corporate Governance Characteristics And The Quality Of Financial Reporting written by David W. Wright and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Corporate governance categories.
The Effect Of Corporate Governance On Auditor Client Realignments
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Author : Cory A. Cassell
language : en
Publisher:
Release Date : 2012
The Effect Of Corporate Governance On Auditor Client Realignments written by Cory A. Cassell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Events leading up to the implementation of the Sarbanes-Oxley Act of 2002 (SOX) increased the public's focus on corporate governance and increased regulatory scrutiny of corporate governance mechanisms. These events also contributed to a massive restructuring in the audit market which resulted in the transfer of a large number of clients from Big N to non-Big N audit firms. We extend prior research examining the determinants of auditor-client realignments by investigating the effect of corporate governance on downward (i.e., from Big N to non-Big N auditors) switching activity. We develop a corporate governance index comprised of governance characteristics that we expect auditors to find more desirable in their clients (specifically, board and audit committee independence, diligence, and expertise). The results suggest that Big N auditors consider client corporate governance mechanisms when making client portfolio decisions. Specifically, downward auditor-client realignments are more likely for clients that score lower on our corporate governance index. However, the influence of audit committee-related corporate governance components on downward auditor-client realignments decreased post-SOX. The reduced effect of audit committee-related corporate governance components is consistent with what would be expected if the audit committee-related rules imposed by SOX reduced the variation in audit committee quality across clients.
Accounting In Asia
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Author : S. Susela Devi
language : en
Publisher: Emerald Group Publishing
Release Date : 2011-12-15
Accounting In Asia written by S. Susela Devi and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-15 with Business & Economics categories.
"Papers cover subjects such as Executive compensation and corporate governance with special reference to Bangladesh; leading companies in India; Fraudulent Financial Reporting. Non-financial performance measures and performance relationship in the Bangladeshi manufacturing firms.
Reviewing The Literature On Audit Report Lag And Corporate Governance
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Author : Ummi Junaidda Hashim
language : en
Publisher:
Release Date : 2013
Reviewing The Literature On Audit Report Lag And Corporate Governance written by Ummi Junaidda Hashim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This paper examines the literature on audit report lag (ARL) and corporate governance mechanisms over the years. It zooms the pioneer study in this field till the current year (2011), which is year the paper is written. It visualizes the determinants of audit report lag and also how effective of those charge with governance in assuring the timeliness. By presenting the overview of past literature on audit report lag, it would motivate the researchers to conduct more research in this field. It recommends that a few variables that had been tested in previous studies can be re-examined in the future studies of audit report lag. Also, future study can examine on how ownership structure will influence the audit report lag. Besides that, potential study also may include other factors such as government policy or political issue that also might affect audit report lag.
The Corporate Governance Effects Of Audit Committees
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Author : Mahbub Zaman
language : en
Publisher:
Release Date : 2006
The Corporate Governance Effects Of Audit Committees written by Mahbub Zaman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Arguments associated with the promotion of audit committees in many countries are premised on their potential for alleviating weaknesses in corporate governance. This paper provides a synthesis and evaluation of empirical research on the governance effects associated with audit committees. Given recent policy recommendations in several countries aimed at strengthening these committees, it is important to establish what research evidence demonstrates about their existing governance contribution. A framework for analyzing the impact of audit committees is described, identifying potential perceived effects which may have led to their adoption and documented effects on aspects of the audit function, on financial reporting quality and on corporate performance. It is argued that there is only limited and mixed evidence of effects to support claims and perceptions about the value of audit committees for these elements of governance. It is also shown that most of the existing research has focused on factors associated with audit committee existence, characteristics and measures of activity and there is very little evidence on the processes associated with the operation of audit committees and the manner in which they influence organizational behaviour. It is clear that there is no automatic relationship between the adoption of audit committee structures or characteristics and the achievement of particular governance effects, and caution may be needed over expectations that greater codification around factors such as audit committee members' independence and expertise as the means of quot;correctingquot; past weaknesses in the arrangements for audit committees. The most fundamental question concerning what difference audit committees make in practice continues to be an important area for research development. For future research we suggest (i) greater consideration of the organizational and institutional contexts in which audit committees operate; (ii) explicit theorization of the processes associated with audit committee operation; (iii) complementing extant research methods with field studies; and (iv) investigation of unintended (behavioural) as well as expected consequences of audit committees.
The Impact Of Demographic Characteristics Of Ceos And Directors On Audit Fees And Audit Delay
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Author : Maretno A. Harjoto
language : en
Publisher:
Release Date : 2015
The Impact Of Demographic Characteristics Of Ceos And Directors On Audit Fees And Audit Delay written by Maretno A. Harjoto and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This study examines the impact of gender and ethnicity of CEO and audit committee directors on audit fees and audit delay in the U.S. firms. Audit related corporate governance literature has extensively examined the determinants of audit fees and audit delay by focusing on board characteristics, specifically board independence, diligence, and expertise. We provide empirical evidence that gender and ethnicity diversity in corporate leadership and boardrooms influence a firm's audit fees and audit delay. This study finds that firms with female and ethnic minority CEOs pay significantly higher audit fees than those with male Caucasian CEOs. We also find that firms with a higher percentage of ethnic minority directors on their audit committee pay significantly higher audit fees. Further, we find that firms with female CEOs have shorter audit delay than firms with male CEOs and firms with a higher percentage of female and ethnic minority directors on their audit committee are associated with shorter audit delay. Our results indicate that female CEOs and both female and ethnic minority directors are sensitive to the market pressure to avoid audit delay. Our results suggest that gender and ethnic diversity could improve audit quality and the firms' overall financial reporting quality. This study provides insights to regulators and policy makers interested in increasing diversity within a firm's board and top executives. Recently, the U.S. Securities and Exchange Commission (SEC) and the European Commission have been pressing publicly traded companies to improve diversity amongst their directors. This study provides evidence and perspective on how diversity can enhance financial reporting quality measured by audit fees and audit delay.
The Effects Of Corporate Governance Experience And Financial Reporting And Audit Knowledge On Audit Committee Members Judgments
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Author : Todd DeZoort
language : en
Publisher:
Release Date : 2008
The Effects Of Corporate Governance Experience And Financial Reporting And Audit Knowledge On Audit Committee Members Judgments written by Todd DeZoort and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Interest in audit committees as part of overall corporate governance has increased dramatically in recent years, with a specific emphasis on member independence, experience, and knowledge. This paper reports the results of a study investigating whether audit committee members' corporate governance experience and financial reporting and audit knowledge affect their judgments in auditor-corporate management conflict situations. A sample of 68 audit committee members completed an accounting policy dispute case and several knowledge and ability tests. The results indicate that, as expected, greater independent director experience and greater audit knowledge was associated with higher audit committee member support for an auditor who advocated a "substance over form" approach in the dispute with client management. Conversely, concurrent experience as a board director and a senior member of management was associated with increased support for management. Collectively, these findings have a number of implications for practice and research. The results provide justification for calls that audit committees be composed completely of independent directors. The results also support auditor concerns that varying knowledge levels lead to systematic differences in audit committee member judgments in disputes between auditors and management.
Determinants Of An Audit Report Lag A Meta Analysis
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Author : Philipp Wierzchowski
language : en
Publisher: GRIN Verlag
Release Date : 2021-10-06
Determinants Of An Audit Report Lag A Meta Analysis written by Philipp Wierzchowski and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-06 with Business & Economics categories.
Seminar paper from the year 2020 in the subject Business economics - Information Management, grade: 2,0, University of Bremen, language: English, abstract: This paper shows with the help of a meta-analysis the existence of the determinants of an audit report lag. Moreover this article calculates the relevance of these determinants with the help of Z-scores. The justification of this paper is to get a greater extent of knowledge through a meta-analytic literature review of the determinants of audit report lags. An audit report lag is the number of days from a company’s fiscal year-end to the date of its auditor’s report. Due to the great development of the globalization and economy, this world has more economical data and is more complicated in an economical context than before. Proof for this statement is the subprime crisis 2007, where Asset-Backed Commercial Papers had a complicated transformation. In addition to this the accounting has issues with too much information and complicated financial products. At first accounting has problems with disclosure of information in the financial statement. Secondly Big Data challenges accounting and finally audit report lags are larger after a new standard is set by the standard-setter or a company has a poor performance in this particular fiscal year. In addition to this last problem, there are a lot of more determinants for an audit report lag than these two. Accordingly this audit report lag is a problem for accounting.