Audit Committee Characteristics and Audit Report Lag: Evidence From Oman

Raweh, Nahla Abdulrahman Mohammed; Kamardin, Hasnah

doi:10.5296/ijafr.v9i1.14170

Cited by 36 publications

(93 citation statements)

References 41 publications

(108 reference statements)

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“…Consistent with ARL research, this study controlled for such factors as the internal governance mechanisms monitoring the audit and financial reporting process: the audit committee's (AC) size (ACS), its independence (ACI), its financial expertise (ACFX), and meetings (ACM), and the board size (BOS). Earlier research argued that effective monitoring by these mechanisms reduced audit risks, enabling auditors to reduce their time and effort (e.g., Baatwah et al, 2015;Ghafran & Yasmin, 2018;Raweh, Kamardin, & Malik, 2019a); however, a larger ACS may impede its monitoring function (Bédard & Gendron, 2010), which would demand more audit time and effort (Raweh et al, 2019a). An association was thus expected between ACS and ARL.…”

Section: Control Variablesmentioning

confidence: 99%

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The Association between Audit Partner Busyness, Audit Partner Tenure, and Audit Efficiency

Raweh

Kamardin

Abdullah

2021

Asian Economic and Financial Review

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The main purpose of this study is to provide evidence of how audit partner busyness and tenure are associated with audit efficiency. Based on a pooled OLS regression analysis of 232 observations from non-financial companies listed on the Omani capital market between 2013 and 2016, the results reveal no association between partner busyness and audit efficiency-although it does improve audit efficiency for clients of the Big 4 audit firms. Moreover, longer partner tenures are shown to significantly enhance audit efficiency. Given the lack of evidence currently available, this study reinforces the importance of examining audit outcomes at the level of audit partner, providing important insights into audit efficiency for regulators, companies, and auditors. Overall, this study is one of few presenting empirical evidence on the importance of the characteristics of partner incentives in the context of audit efficiency. Contribution/Originality: This study contributes new evidence concerning the association between external audit partners and audit efficiency to the existing literature, being one of the first studies to do so. Consequently, it provides the first evidence of the vital role played by auditors in affecting audit efficiency in MENA.

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Section: Control Variablesmentioning

confidence: 99%

“…& Bamahros, 2013). For instance, a higher debt ratio, low profits, and weak performance incur greater business risks and irregular reporting, which could increasing both audit time and effort (Abbott et al, 2012;Gros et al, 2017;Raweh et al, 2019a). Finally, industry dummies were also included to control for industry fixed effects.…”

Section: Control Variablesmentioning

confidence: 99%

The Association between Audit Partner Busyness, Audit Partner Tenure, and Audit Efficiency

Raweh

Kamardin

Abdullah

2021

Asian Economic and Financial Review

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“…As a result, they found that as much as the audit committees are big with enhancement of independency and with financial experience are likely to be connected with conservatism of earnings in financial institutions in Gulf Cooperation Council (GCC). Raweh, Kamardin and Malik, (2019) study the association between characteristics of audit committee and audit report lag. They show audit committee size has a positive link with audit report and financial expertise of audit committee will lead to reduces audit lag.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Poor performance audit committee leads to weak outputs in the firm's performance and might lead to potential fraud. There are few studies in the literature review towards audit committees features on Oman, (Ahmed, Alabdullah, Thottoli & Maryanti, 2020;Raweh, Kamardin & Malik, 2019;Al-Matari, Al-Dhaafri & Al-Swidi 2019) while there is a need for concentrate on business environment in Oman. With respect to Oman context of the current research, based on late literature, the firms in Oman has faced some challenges and difficulties in different issues in various small, medium and large firms.…”

Section: Introductionmentioning

confidence: 99%

Audit Committee Impact on Corporate Profitability in Oman Companies: an Auditing and Management Accounting Perspective

Alabdullah

Ahmed

2020

REAKSI

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This work investigates the impact of audit committees’ features as predictor variables of corporate profitability with a sample of firms belong to non-financial sector in Muscat Securities Market (MSM). This work analyzed cross sectional data for 60 non-financial firms. It used annual reports for the year of 2019 to analyze the impact of audit committees’ features on corporate profitability. The present work tested its hypotheses and utilized its variables via utilizing the Smart-PLS for data analysis. The findings revealed that a positive association between all the predictors and dependent variables are exist among the whole variables; audit committee, audit Independence, meeting of audit committee, and corporate profitability measured by management accounting’s indicators represented by ROA and ROE. This work is a new in its kind to be applied in Oman context via examining the relation between its predictors of audit committees’ features towards their impact on corporate profitability. The current study presents a theoretical and practical implications as a contribution relevant to practitioners working and academics in areas related to corporate profitability. In that, it furnishes empirical evidence for the policymakers, researchers and other interested parties.

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“…‫ةر‬ ‫ة‬ ‫ي‬ ‫تقر‬ ‫ةدار‬ ‫إص‬ ‫ةر‬ ‫ة‬ ‫فت‬ ‫ة‬ ‫ةل‬ ‫ةل‬ ‫دد‬ ‫ةة‬ ‫ة‬ ‫انع‬ ‫الار‬ ‫ةة‬ ‫لنة‬ ‫ةة‬ ‫فعالي‬ ‫ةأثير‬ ‫ة‬ ‫ت‬ ‫ة‬ ‫ةل‬ ‫ةر‬ ‫اتل‬ ‫ةبعض‬ ‫ة‬ ‫ال‬ ‫ةز‬ ‫رد‬ ‫ةا‬ ‫خيةا‬ ‫ةة،‬ ‫انع‬ ‫الار‬ ‫ةة‬ ‫لنة‬ ‫ةة‬ ‫لتعالي‬ ‫ةر‬ ‫ايي‬ ‫إةداد‬ ‫لعل‬ ‫ان‬ ‫انعة‬ ‫الار‬ (Ika and Ghazali ,2012 ;Aljaaidi et al, 2019 ;Hasballah and Ilyas,2019 ;Abdillah et al ,2019 ;Juwita et al ,2020 (Diana,2018;Badawy and Aly,2018;Almuzaiqer et al, 2018;Chukwu and Nwabochi, 2019Aljaaidi et al, 2019Abdillah et al, 2019Shofiyah and Suryani, 2020 ;Yuliusman et al, 2020) ‫ةل‬ ‫بادت‬ ‫ةة‬ ‫تبط‬ ‫الار‬ ‫اا‬ ‫ةر‬ ‫الاتغي‬ ‫ة‬ ‫ةل‬ ‫ةزا‬ ‫رد‬ ‫ةد‬ ‫ا‬ ‫ةرل‬ ‫أل‬ ‫ةاا‬ ‫اس‬ ‫در‬ ‫ةاك‬ ‫لهة‬ ‫انعة‬ ‫الار‬ (Badawy and Aly, 2018;Abdillah et al , 2019 ;Juwita et al, 2020;Pradipta and Zalukhu, 2020 (Diana,2018;Viet et al 2018 Raweh;Chukwu and Nwabochi 2019;Abdillah et al Suryani, 2020 ;Yuliusman et al, 2020) Leventis, 2006;Al-Ajmi,2008 ;Afify,2009 ;Samaha and Khlif ,2017;Ghafran and Yasmin, 2018;Viet et al, 2018;Yuliusman et al , (Al-Ajmi,2008 ;Afify, 2009;Abernathy et al, 2014;Oussii and Taktak ,2018;Viet et al, 2018;Badawy and Aly, 2018;Almuzaiqer et al ,2018;Abdillah et al ,2019Raweh et al , 2019Hasballah and Ilyas, 2019;…”

mentioning

confidence: 99%

تأثیـر الخصائص التشغیلیة للشرکة وخصائص مکتـــــب المــــراجعة على علاقـــة فعـــالیة لجنـــــة المراجعة بفترة إصدار تقریر المراجعة :دراسة تطبیقیة على الشرکات المسجلة بالبورصة المصریة

قنديل¹

2020

مجلة الاسکندریة للبحوث المحاسبیة

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This research aimed to study the effect of audit committee effectiveness as one of the internal mechanisms of governance on audit report lag, as well as the effect of a set of moderator variables related to the operational characteristics of the company and audit firm characteristics on the relationship between audit committee effectiveness and audit report lag. To achieve this goal, the researcher derived the hypotheses of the research by reviewing the previous studies. To test the hypotheses, an empirical study has conducted using sample data of 100 companies listed in the Egyptian stock exchange during the period from 2016 to 2018. The study found that there is an adverse and significant effect of the audit committee effectiveness on audit report lag, which means accepting the first hypothesis. In addition, the adverse effect of the audit committee effectiveness on the audit report lag varies according to size of the company, size of the audit firm, and auditor industry specialization, but it does not affected by profitability of the company, and thus the second, fourth and fifth hypotheses were accepted and the third hypothesis was not accepted. With regard to the diversity of the company's operations and its impact on the relationship between audit committee effectiveness and audit report lag, the researcher has conducted an additional analysis by inserting the diversity of the company's operations as a moderator variable on the relationship between audit committee effectiveness and audit report lag, while the significant moderator variables in the fundamental analysis were processed in the additional analysis as control variables. The study found that there is no significant effect of the diversity of the company's operations through the indicator of the presence of export operations on audit report lag, and the interaction between the degree of diversity of the company's operations and the audit committee effectiveness has no significant effect on audit report lag. To verify the accuracy of the main findings of the research, the researcher performed a sensitivity analysis, where an alternative measure was used for audit report lag, and an alternative measure for audit committee effectiveness, the simple and multiple regressions was re-analyzed and the results were almost identical to the fundamental model.

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Audit Committee Characteristics and Audit Report Lag: Evidence From Oman

Cited by 36 publications

References 41 publications

The Association between Audit Partner Busyness, Audit Partner Tenure, and Audit Efficiency

The Association between Audit Partner Busyness, Audit Partner Tenure, and Audit Efficiency

Audit Committee Impact on Corporate Profitability in Oman Companies: an Auditing and Management Accounting Perspective

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