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Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia

Timeliness is considered as one of the important aspects of financial information that could be beneficial for users who rely on the audited financial report in order to make useful economic decisions. The quality of financial information could be enhanced by providing timely information. One of the...

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Main Author: Karamah Banjary, Anas Rasheed
Format: Thesis
Language:English
English
English
Published: 2019
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/9450/1/s821597_01.pdf
https://etd.uum.edu.my/9450/2/s821597_02.pdf
https://etd.uum.edu.my/9450/3/s821597_references.docx
https://etd.uum.edu.my/9450/
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spelling my.uum.etd.94502022-08-08T06:45:01Z https://etd.uum.edu.my/9450/ Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia Karamah Banjary, Anas Rasheed HG Finance Timeliness is considered as one of the important aspects of financial information that could be beneficial for users who rely on the audited financial report in order to make useful economic decisions. The quality of financial information could be enhanced by providing timely information. One of the important factors that determines the timelines of the financial statement is the experience of the audit committee members, particularly, the chairman. Hence, the purpose of this study is to investigate the relationship between the industry expertise of the audit committee chairman and audit report lag. The study uses the top 100 non-financial companies listed on the Main Market of Bursa Malaysia, where the data is collected from the annual reports of those companies for the year 2018. The descriptive statistics show that the time taken by auditor to complete their audit report is about 78 days on average, with the maximum period being 122 days and the minimum being 29 days. The Ordinary Least Squares analysis reveals that industry expertise of the audit committee chairman, firm size, audit firm type, investment in internal audit and audit committee size, have a significant and negative relationship with audit report lag. While audit fees is found to be significantly and positively associated with audit report lag, there is no evidence supporting the relationship between financial condition, audit committee meeting, audit committee independence and loss with audit delay. This study may contribute to the existing literature regarding audit report lag, especially on the influence of industry expertise of the audit committee chairman on audit report lag. Moreover, this study may provide useful information for policymakers to pay more attention to the vital role of industry expertise of the audit committee chairman in improving financial reporting timeliness. 2019 Thesis NonPeerReviewed text en https://etd.uum.edu.my/9450/1/s821597_01.pdf text en https://etd.uum.edu.my/9450/2/s821597_02.pdf text en https://etd.uum.edu.my/9450/3/s821597_references.docx Karamah Banjary, Anas Rasheed (2019) Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
English
topic HG Finance
spellingShingle HG Finance
Karamah Banjary, Anas Rasheed
Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia
description Timeliness is considered as one of the important aspects of financial information that could be beneficial for users who rely on the audited financial report in order to make useful economic decisions. The quality of financial information could be enhanced by providing timely information. One of the important factors that determines the timelines of the financial statement is the experience of the audit committee members, particularly, the chairman. Hence, the purpose of this study is to investigate the relationship between the industry expertise of the audit committee chairman and audit report lag. The study uses the top 100 non-financial companies listed on the Main Market of Bursa Malaysia, where the data is collected from the annual reports of those companies for the year 2018. The descriptive statistics show that the time taken by auditor to complete their audit report is about 78 days on average, with the maximum period being 122 days and the minimum being 29 days. The Ordinary Least Squares analysis reveals that industry expertise of the audit committee chairman, firm size, audit firm type, investment in internal audit and audit committee size, have a significant and negative relationship with audit report lag. While audit fees is found to be significantly and positively associated with audit report lag, there is no evidence supporting the relationship between financial condition, audit committee meeting, audit committee independence and loss with audit delay. This study may contribute to the existing literature regarding audit report lag, especially on the influence of industry expertise of the audit committee chairman on audit report lag. Moreover, this study may provide useful information for policymakers to pay more attention to the vital role of industry expertise of the audit committee chairman in improving financial reporting timeliness.
format Thesis
author Karamah Banjary, Anas Rasheed
author_facet Karamah Banjary, Anas Rasheed
author_sort Karamah Banjary, Anas Rasheed
title Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia
title_short Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia
title_full Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia
title_fullStr Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia
title_full_unstemmed Industry expertise of audit committee chairman and audit report LAG: Evidence from Malaysia
title_sort industry expertise of audit committee chairman and audit report lag: evidence from malaysia
publishDate 2019
url https://etd.uum.edu.my/9450/1/s821597_01.pdf
https://etd.uum.edu.my/9450/2/s821597_02.pdf
https://etd.uum.edu.my/9450/3/s821597_references.docx
https://etd.uum.edu.my/9450/
_version_ 1740828432704471040
score 13.211869

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