The determinants of audit timeliness: Evidence from Malaysia
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2014
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my.unimap-317402014-02-05T13:52:43Z The determinants of audit timeliness: Evidence from Malaysia Siti Norwahida, Shukeri Md. Aminul, Islam, Prof. Madya. Dr. sitinorwahida@unimap.edu.my amin@unimap.edu.my Audit committee functions Bursa Malaysia Central Bank of Malaysia Link to publisher's homepage at http://www.aensiweb.com/ 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 determinants of audit report timeliness particularly the effect of audit committee functions in Malaysian audit market. The audit committee is one important component of corporate governance mechanism and they comprise of audit committee size, audit committee qualifications and audit committee meetings. Consequently, the study applied the agency theory and formulated eight hypotheses that guided the analysis. The study sample comprised 491 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 timeliness determinants. The results show that audit report lag is influenced by audit committee size, audit committee meetings, auditor type, audit opinion, total assets and firm profitability. However, no evidence was found to support the effects of board independence and audit committee qualifications on audit report timeliness. Apart from contributing to the literature on corporate governance and audit report 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. 2014-02-05T13:52:43Z 2014-02-05T13:52:43Z 2012-07 Article Journal of Applied Sciences Research, vol. 8(7), 2012, pages 3314-3322 1816-157X http://www.aensiweb.com/jasr/jasr/2012/3314-3322.pdf http://dspace.unimap.edu.my:80/dspace/handle/123456789/31740 en American-Eurasian Network for Scientific Information |
| institution |
Universiti Malaysia Perlis |
| building |
UniMAP Library |
| collection |
Institutional Repository |
| continent |
Asia |
| country |
Malaysia |
| content_provider |
Universiti Malaysia Perlis |
| content_source |
UniMAP Library Digital Repository |
| url_provider |
http://dspace.unimap.edu.my/ |
| language |
English |
| topic |
Audit committee functions Bursa Malaysia Central Bank of Malaysia |
| spellingShingle |
Audit committee functions Bursa Malaysia Central Bank of Malaysia Siti Norwahida, Shukeri Md. Aminul, Islam, Prof. Madya. Dr. The determinants of audit timeliness: Evidence from Malaysia |
| description |
Link to publisher's homepage at http://www.aensiweb.com/ |
| author2 |
sitinorwahida@unimap.edu.my |
| author_facet |
sitinorwahida@unimap.edu.my Siti Norwahida, Shukeri Md. Aminul, Islam, Prof. Madya. Dr. |
| format |
Article |
| author |
Siti Norwahida, Shukeri Md. Aminul, Islam, Prof. Madya. Dr. |
| author_sort |
Siti Norwahida, Shukeri |
| title |
The determinants of audit timeliness: Evidence from Malaysia |
| title_short |
The determinants of audit timeliness: Evidence from Malaysia |
| title_full |
The determinants of audit timeliness: Evidence from Malaysia |
| title_fullStr |
The determinants of audit timeliness: Evidence from Malaysia |
| title_full_unstemmed |
The determinants of audit timeliness: Evidence from Malaysia |
| title_sort |
determinants of audit timeliness: evidence from malaysia |
| publisher |
American-Eurasian Network for Scientific Information |
| publishDate |
2014 |
| url |
http://dspace.unimap.edu.my:80/dspace/handle/123456789/31740 |
| _version_ |
1643796650761650176 |
| score |
13.222552 |