UUM Electronic Theses and Dissertation
UUM ETD | Universiti Utara Malaysian Electronic Theses and Dissertation
FAQs | Feedback | Search Tips | Sitemap

Audit committee characteristics and audit report lag in Malaysia

Al-Qublani, Ayad Ahmed Mohammed (2016) Audit committee characteristics and audit report lag in Malaysia. Masters thesis, Universiti Utara Malaysia.

[thumbnail of s817316_01.pdf]
Preview
Text
s817316_01.pdf

Download (1MB) | Preview
[thumbnail of s817316_02.pdf]
Preview
Text
s817316_02.pdf

Download (1MB) | Preview

Abstract

Timeliness of the financial statements is one of the important aspects that concerns the users of information. The delay in publication of corporate financial statements may affect the usefulness of the information. This paper aims to investigate the relationship between the characteristics of audit committee: audit committee independence, audit committee overlap, tenure of chairman of audit committee, expertise of chairman of audit committee, and audit report lag of firms listed on Bursa Malaysia. Data were
collected from 139 companies in the financial year 2015. Descriptive analysis was used to provide insight into the time taken by external auditors to complete the audit work. The results show that on average, the companies took about 95 days to complete their audit report with a maximum and minimum day of 122 days and 45 days respectively. In addition, regression analysis was used to provide empirical evidence on which
variables had significant relationship with audit report lag. The results show that chairman of audit committee with accounting expertise, audit committee size, frequency of meetings of audit committee, firm size, leverage, and profitability are significantly associated with audit report lag. However, the other five variables: audit committee independence, audit committee overlap, tenure of chairman of audit
committee, auditor type and industry type were insignificantly related with audit report
lag. This study contributes to the body of knowledge by providing a good indicator of
the extent of the application of the proposed law from Securities Commission of Malaysia (The proposed draft code of corporate governance 2016) which suggests that the chair of audit committee should be a person with accounting expertise.

Item Type: Thesis (Masters)
Supervisor : Kamardin, Hasnah
Item ID: 6706
Uncontrolled Keywords: Audit committee characteristics, audit report lag, Malaysia
Subjects: H Social Sciences > HF Commerce. > HF5667 Professional Ethics. Auditors.
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Date Deposited: 23 Apr 2018 06:38
Last Modified: 05 Apr 2021 01:48
Department: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Name: Kamardin, Hasnah
URI: https://etd.uum.edu.my/id/eprint/6706

Actions (login required)

View Item
View Item