Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership

Audit report timeliness (ART) is a key determinant of timely financial reporting. It reflects the quality of accounting information and audit efficiency. Considering all the factors that can influence ART, this study empirically investigates some factors that influence ART in Oman. Specifically, the...

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Main Author:	Raweh, Nahla Abdulrahman Mohammed
Format:	Thesis
Language:	eng eng eng eng
Published:	2020
Subjects:	HF5667 Professional Ethics Auditors.
Online Access:	https://etd.uum.edu.my/9429/1/depositpermission-not%20allow_s900229.pdf https://etd.uum.edu.my/9429/2/s900229_01.pdf https://etd.uum.edu.my/9429/3/s900229_02.pdf https://etd.uum.edu.my/9429/4/s900229_references.docx
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id	my-uum-etd.9429
record_format	uketd_dc
spelling	my-uum-etd.94292022-05-29T10:04:50Z Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership 2020 Raweh, Nahla Abdulrahman Mohammed Kamardin, Hasnah Malik @ Malek, Mazrah Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HF5667 Professional Ethics. Auditors. Audit report timeliness (ART) is a key determinant of timely financial reporting. It reflects the quality of accounting information and audit efficiency. Considering all the factors that can influence ART, this study empirically investigates some factors that influence ART in Oman. Specifically, the study examines the direct influence of culture, audit partner quality characteristics, and audit committee on ART. It also explores the moderating effect of both culture and family ownership on the relationship between audit committee characteristics and ART. Based on a sample of 327 firm-year observations from non-financial companies listed on the Muscat Securities Market for the period of 2013 to 2017, and applying a panel data analysis approach, this study reveals that culture (proxied by the proportion of tribal directors on the board), audit partner education and audit committee size prolong the production of audit reports. The study also finds that audit committee financial and industry expertise reduce the time taken to produce audit reports. Regarding the moderating effects, culture weakens the performance of audit committee size, independence, frequency of meetings and audit committee score and increases the time of audit reporting. This implies that culture hinders the effectiveness of audit committee mechanisms in promoting ART. In contrast, this study finds that the relationships of audit committee size, meeting and audit committee score with ART are strengthened by family ownership. This suggests that family ownership enhances the monitoring role of audit committee mechanisms and improves the speed of annual reporting, while the interaction of family ownership on audit committee independence weakens the independent directors from active monitoring, leading to longer audit report delay. The findings of this study may assist governance mechanisms and audit procedures, thus improving ART. 2020 Thesis https://etd.uum.edu.my/9429/ https://etd.uum.edu.my/9429/1/depositpermission-not%20allow_s900229.pdf text eng staffonly https://etd.uum.edu.my/9429/2/s900229_01.pdf text eng staffonly https://etd.uum.edu.my/9429/3/s900229_02.pdf text eng staffonly https://etd.uum.edu.my/9429/4/s900229_references.docx text eng staffonly other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng eng
advisor	Kamardin, Hasnah Malik @ Malek, Mazrah
topic	HF5667 Professional Ethics Auditors.
spellingShingle	HF5667 Professional Ethics Auditors. Raweh, Nahla Abdulrahman Mohammed Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership
description	Audit report timeliness (ART) is a key determinant of timely financial reporting. It reflects the quality of accounting information and audit efficiency. Considering all the factors that can influence ART, this study empirically investigates some factors that influence ART in Oman. Specifically, the study examines the direct influence of culture, audit partner quality characteristics, and audit committee on ART. It also explores the moderating effect of both culture and family ownership on the relationship between audit committee characteristics and ART. Based on a sample of 327 firm-year observations from non-financial companies listed on the Muscat Securities Market for the period of 2013 to 2017, and applying a panel data analysis approach, this study reveals that culture (proxied by the proportion of tribal directors on the board), audit partner education and audit committee size prolong the production of audit reports. The study also finds that audit committee financial and industry expertise reduce the time taken to produce audit reports. Regarding the moderating effects, culture weakens the performance of audit committee size, independence, frequency of meetings and audit committee score and increases the time of audit reporting. This implies that culture hinders the effectiveness of audit committee mechanisms in promoting ART. In contrast, this study finds that the relationships of audit committee size, meeting and audit committee score with ART are strengthened by family ownership. This suggests that family ownership enhances the monitoring role of audit committee mechanisms and improves the speed of annual reporting, while the interaction of family ownership on audit committee independence weakens the independent directors from active monitoring, leading to longer audit report delay. The findings of this study may assist governance mechanisms and audit procedures, thus improving ART.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Raweh, Nahla Abdulrahman Mohammed
author_facet	Raweh, Nahla Abdulrahman Mohammed
author_sort	Raweh, Nahla Abdulrahman Mohammed
title	Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership
title_short	Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership
title_full	Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership
title_fullStr	Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership
title_full_unstemmed	Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership
title_sort	audit partner, audit committee and audit report timeless in oman: moderating effect of culture and family ownership
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2020
url	https://etd.uum.edu.my/9429/1/depositpermission-not%20allow_s900229.pdf https://etd.uum.edu.my/9429/2/s900229_01.pdf https://etd.uum.edu.my/9429/3/s900229_02.pdf https://etd.uum.edu.my/9429/4/s900229_references.docx
_version_	1747828595143737344

Audit partner, audit committee and audit report timeless in Oman: moderating effect of culture and family ownership

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