Audit committee involvement in resolving contentious accounting issues: perceptions of chief financial officers, audit committee chairs and external auditors in Malaysia

Salleh, Zalailah; Stewart, Jenny

doi:10.1504/ijaape.2013.057521

Cited by 3 publications

(1 citation statement)

References 25 publications

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“…Existing studies examine the role of audit committee chair characteristics or expertise with respect to timeliness of financial reporting (Abernathy, Beyer, Masli, & Stefaniak, 2014), financial performance (Chaudhry, Roomi, & Aftab, 2020), audit report lag (Ghafran & Yasmin, 2018), resolution of auditor client disagreements (Salleh & Stewart, 2013), and financial reporting quality (Tanyi & Smith, 2015;Al-Absy, Ismail, & Chandren, 2019). To date, little research focuses specifically on the role the audit committee chair may play in audit committee effectiveness (Carcello, Hermanson, & Ye, 2011).…”

Section: Audit Committee and Audit Committee Chair Literaturementioning

confidence: 99%

Audit Committee Chair Characteristics, and Auditor Dismissal in a Going Concern Context

Sawani

2021

ijafr

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This study examines the role audit committee chair expertise may play in fostering audit quality. The 2002 Sarbanes-Oxley Act (SOX) was enacted to strengthen corporate governance practices in the United States; a fundamental part of this act addressed the audit committee structure and composition. Existing literature suggests that audit committee expertise may improve audit quality. In this study I use a logistic model to compare audit committee chair expertise characteristics for first-time going concern opinion firms that dismissed and did not dismiss the auditor after receiving the going concern opinion for the years [2008][2009][2010][2011][2012][2013][2014][2015][2016] with that of firms that received clean opinions and dismissed or did not dismiss the auditor. I find that audit committee chairs with financial expertise, audit expertise, governance expertise and industry expertise are negatively associated with auditor dismissal. This suggests that firms with these audit committee chair expertise profiles may facilitate better audit quality. Moreover, the chair's audit expertise, industry expertise and financial expertise are differentially significant in the going concern context indicating that these expertise types may temper management's inclination to dismiss auditors after undesirable opinions.

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Section: Audit Committee and Audit Committee Chair Literaturementioning

confidence: 99%

Audit Committee Chair Characteristics, and Auditor Dismissal in a Going Concern Context

Sawani

2021

ijafr

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Developing a model to evaluate the information technology competence of boards of directors

Mohamad¹,

Hendrick²,

O′Leary³

et al. 2014

COC

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IT governance is critical in the current business environment. Boards of directors are ultimately responsible for ensuring the entities they control have appropriate IT facilities. This study develops a model of IT competences boards should have, to achieve appropriate IT governance. The model is then pilot tested, using Ireland as a case study, to evaluate two issues. Firstly, whether these are the appropriate competences current boards need and second, whether boards appear to have those competences. A survey was completed by Chief Information Officers (CIOs) of Irish listed companies. Results indicate the model is an appropriate method with which to evaluate board IT competence, and companies in Ireland appear to be at a satisfactory competence level. The significance of the research is that the model can now be used to evaluate board IT competence in other jurisdictions. Furthermore comparisons of managements’ evaluations and boards’ evaluations can be assessed

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Auditors’ view on acceptability of clients’ earnings management practices

Hamid¹,

Hashim²,

Salleh³

2016

COC

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The purpose of this paper is to assess the views of auditors on earnings management in Malaysia. This study uses a questionnaire designed by Merchant and Rockness (1994), which consists of thirteen (13) short scenarios. Each scenario describes a potentially questionable earnings management activity undertaken by the general manager. The respondents were asked to judge the acceptability of each of the scenarios using a five-point (5) Likert scale. Based on responses, this study finds that acceptability varies with the type of earnings management. The auditors believe that discretionary accrual manipulation is more unethical than real activities manipulation, while the consistency with MFRS and the direction of effect on earnings management do not seem to be an issue to the respondents regarding the acceptability of earnings management

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Audit committee involvement in resolving contentious accounting issues: perceptions of chief financial officers, audit committee chairs and external auditors in Malaysia

Cited by 3 publications

References 25 publications

Audit Committee Chair Characteristics, and Auditor Dismissal in a Going Concern Context

Audit Committee Chair Characteristics, and Auditor Dismissal in a Going Concern Context

Developing a model to evaluate the information technology competence of boards of directors

Auditors’ view on acceptability of clients’ earnings management practices

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