Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017

Timeliness of financial reporting is important to shareholders and investors for investment decision-making. In Malaysia, timeliness of financial reporting is lagging compared to other countries such as Australia, New Zealand, Indonesia, China, and USA. This research examines three audit committee (...

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Main Author:	Liaw, Saw Keong
Format:	Thesis
Language:	eng eng
Published:	2021
Subjects:	HF5667 Professional Ethics Auditors.
Online Access:	https://etd.uum.edu.my/9624/1/s902509_01.pdf https://etd.uum.edu.my/9624/2/s902509_02.pdf
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id	my-uum-etd.9624
record_format	uketd_dc
spelling	my-uum-etd.96242023-08-06T23:40:34Z Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017 2021 Liaw, Saw Keong Wan Hussin, Wan Nordin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5667 Professional Ethics. Auditors. Timeliness of financial reporting is important to shareholders and investors for investment decision-making. In Malaysia, timeliness of financial reporting is lagging compared to other countries such as Australia, New Zealand, Indonesia, China, and USA. This research examines three audit committee (AC) characteristics to enhance the timeliness of financial reporting. Timeliness of financial reporting is proxied by audit report lag (ARL). This study investigates the relationship between AC characteristics and audit report lag (ARL) among Malaysian public listed companies after the implementation of the Malaysian Code on Corporate Governance 2017 (MCCG 2017). The AC characteristics examined are AC’s policy on the cooling-off period of at least two years for former auditors before being appointed as AC members (ACPOL), AC comprising solely of independent directors (ACIND), and proportion of AC members with accounting expertise (ACEXP). The sample of this study consists of 411 companies (excluding financial companies) listed on Bursa Malaysia with a year-end closing of 31 December 2017. The regression analysis method is employed to examine if ACPOL, ACIND, and ACEXP have any relationship with ARL. The results of this study showed that AC’s policy on the cooling-off period has a negative relationship with ARL, whereas AC comprising solely of independent directors has a positive relationship with ARL. Meanwhile, AC members with accounting expertise were positively related to ARL. Thus, Bursa Malaysia can enhance the timeliness of financial reporting by introducing ACPOL in the Bursa Malaysia Listing requirements. Besides, this study showed that ACIND and ACEXP did not improve ARL. 2021 Thesis https://etd.uum.edu.my/9624/ https://etd.uum.edu.my/9624/1/s902509_01.pdf text eng public https://etd.uum.edu.my/9624/2/s902509_02.pdf text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Wan Hussin, Wan Nordin
topic	HF5667 Professional Ethics Auditors.
spellingShingle	HF5667 Professional Ethics Auditors. Liaw, Saw Keong Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017
description	Timeliness of financial reporting is important to shareholders and investors for investment decision-making. In Malaysia, timeliness of financial reporting is lagging compared to other countries such as Australia, New Zealand, Indonesia, China, and USA. This research examines three audit committee (AC) characteristics to enhance the timeliness of financial reporting. Timeliness of financial reporting is proxied by audit report lag (ARL). This study investigates the relationship between AC characteristics and audit report lag (ARL) among Malaysian public listed companies after the implementation of the Malaysian Code on Corporate Governance 2017 (MCCG 2017). The AC characteristics examined are AC’s policy on the cooling-off period of at least two years for former auditors before being appointed as AC members (ACPOL), AC comprising solely of independent directors (ACIND), and proportion of AC members with accounting expertise (ACEXP). The sample of this study consists of 411 companies (excluding financial companies) listed on Bursa Malaysia with a year-end closing of 31 December 2017. The regression analysis method is employed to examine if ACPOL, ACIND, and ACEXP have any relationship with ARL. The results of this study showed that AC’s policy on the cooling-off period has a negative relationship with ARL, whereas AC comprising solely of independent directors has a positive relationship with ARL. Meanwhile, AC members with accounting expertise were positively related to ARL. Thus, Bursa Malaysia can enhance the timeliness of financial reporting by introducing ACPOL in the Bursa Malaysia Listing requirements. Besides, this study showed that ACIND and ACEXP did not improve ARL.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Liaw, Saw Keong
author_facet	Liaw, Saw Keong
author_sort	Liaw, Saw Keong
title	Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017
title_short	Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017
title_full	Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017
title_fullStr	Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017
title_full_unstemmed	Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017
title_sort	audit committee characteristics and audit report lag post malaysian code on corporate governance 2017
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2021
url	https://etd.uum.edu.my/9624/1/s902509_01.pdf https://etd.uum.edu.my/9624/2/s902509_02.pdf
_version_	1776103731609206784

Audit committee characteristics and audit report lag post Malaysian code on corporate governance 2017

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