Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman

Since last decade corporate governance has been the focus of many studies worldwide. This stems from the belief that the better governance of the firms lead to more healthy corporations. Prior studies investigated many issues that could be affected by corporate governance of the firms such as perfo...

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Main Author:	Saad, Alfahad Mohammed Nesser
Format:	Thesis
Language:	eng eng
Published:	2010
Subjects:	HD2709-2930.7 Corporations
Online Access:	https://etd.uum.edu.my/2260/1/Alfahad_Mohammed_Nasser_Saad.pdf https://etd.uum.edu.my/2260/2/1.Alfahad_Mohammed_Nasser_Saad.pdf
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id	my-uum-etd.2260
record_format	uketd_dc
spelling	my-uum-etd.22602013-07-24T12:15:09Z Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman 2010-04 Saad, Alfahad Mohammed Nesser Abidin, Shamharir College of Business (COB) College of Business HD2709-2930.7 Corporations Since last decade corporate governance has been the focus of many studies worldwide. This stems from the belief that the better governance of the firms lead to more healthy corporations. Prior studies investigated many issues that could be affected by corporate governance of the firms such as performance, earnings management, transparency and disclosure. The current study will contribute to the growing literature in this field of study and mainly focusing on the impact of corporate governance on audit qualifications in Gulf countries, specifically, Oman and Saudi Arabia. The notion behind corporate governance could be extended also to study its impact on the role of auditor. The audit report is considered as a signal to the users of financial information disseminated in that report. Therefore, some argue that occurrence of audit qualifications is directly related to audit quality. In such a way the incentives that may motivate the auditor to express his opinion in a qualified manner could vary. However, it is contended that good corporate governance would lead to enhance the auditor role and mitigate the pressure on him by management and thus he will be more likely to issue a qualified opinion whenever certain circumstances exist. As many studies investigated the issue in different counties, this study will examine the impact of corporate governance mechanisms namely, independence, CEO duality, Board size, board meeting, audit committee independence and meeting on audit qualifications following the enactment the code of corporate governance in 2003 in Oman and in 2006 for Saudi listed firms. This result of study shows that corporate governance mechanisms have no impact on audit qualifications accept for the board size which shows that audit qualifications and board size are associated negatively. The results of study revealed that corporate governance in Gulf countries is a matter of illusion and the efforts should be directed towards enhancing the corporate governance in order to grasp the benefits behind the enactment of corporate governance worldwide. 2010-04 Thesis https://etd.uum.edu.my/2260/ https://etd.uum.edu.my/2260/1/Alfahad_Mohammed_Nasser_Saad.pdf application/pdf eng validuser https://etd.uum.edu.my/2260/2/1.Alfahad_Mohammed_Nasser_Saad.pdf application/pdf eng public http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000758922 masters masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abidin, Shamharir
topic	HD2709-2930.7 Corporations
spellingShingle	HD2709-2930.7 Corporations Saad, Alfahad Mohammed Nesser Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman
description	Since last decade corporate governance has been the focus of many studies worldwide. This stems from the belief that the better governance of the firms lead to more healthy corporations. Prior studies investigated many issues that could be affected by corporate governance of the firms such as performance, earnings management, transparency and disclosure. The current study will contribute to the growing literature in this field of study and mainly focusing on the impact of corporate governance on audit qualifications in Gulf countries, specifically, Oman and Saudi Arabia. The notion behind corporate governance could be extended also to study its impact on the role of auditor. The audit report is considered as a signal to the users of financial information disseminated in that report. Therefore, some argue that occurrence of audit qualifications is directly related to audit quality. In such a way the incentives that may motivate the auditor to express his opinion in a qualified manner could vary. However, it is contended that good corporate governance would lead to enhance the auditor role and mitigate the pressure on him by management and thus he will be more likely to issue a qualified opinion whenever certain circumstances exist. As many studies investigated the issue in different counties, this study will examine the impact of corporate governance mechanisms namely, independence, CEO duality, Board size, board meeting, audit committee independence and meeting on audit qualifications following the enactment the code of corporate governance in 2003 in Oman and in 2006 for Saudi listed firms. This result of study shows that corporate governance mechanisms have no impact on audit qualifications accept for the board size which shows that audit qualifications and board size are associated negatively. The results of study revealed that corporate governance in Gulf countries is a matter of illusion and the efforts should be directed towards enhancing the corporate governance in order to grasp the benefits behind the enactment of corporate governance worldwide.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Saad, Alfahad Mohammed Nesser
author_facet	Saad, Alfahad Mohammed Nesser
author_sort	Saad, Alfahad Mohammed Nesser
title	Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman
title_short	Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman
title_full	Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman
title_fullStr	Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman
title_full_unstemmed	Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman
title_sort	corporate governance and audit qualifications: empirical study from saudi arabia and oman
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2010
url	https://etd.uum.edu.my/2260/1/Alfahad_Mohammed_Nasser_Saad.pdf https://etd.uum.edu.my/2260/2/1.Alfahad_Mohammed_Nasser_Saad.pdf
_version_	1747827302597656576

Corporate Governance and Audit Qualifications: Empirical Study from Saudi Arabia and Oman

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