Auditor Specialization and Its Influence on the Association Between Governance and the Timeliness of Financial Reporting

Kamarudin, Khairul Anuar; Ismail, Wan Adibah Wan; Yaacob, Zuraini; Bakar, Siti Salmah Abu

doi:10.1007/978-981-10-6926-0_6

Cited by 3 publications

(4 citation statements)

References 15 publications

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“…Meanwhile, the frequency of AC meetings (ACMEET) was positively significant at five per cent. This means that more frequent AC meetings are related to the highly stringent levels of auditing, thus resulting in longer delays and aligns with Wan-Hussin and Bamahros ( 2013) and Kamarudin et al (2018), who have noted that ACs having frequent meetings have a positive relationship with ARL. However, Mohamad-Nor et al (2010) and Baatwah et al (2019) have revealed that more frequent AC meetings reduce the ARL.…”

Section: Regression Resultsmentioning

confidence: 58%

“…For example, developed countries have ARL that is less than 90 days; Abbott et al (2012) have noted that the average ARL in USA companies is 65.69 days, Australian companies is 80.67 days , the UK companies is 63.84 days (Ghafran & Yasmin, 2018), and New Zealand companies is 61 days (Habib & Bhuiyan, 2011). Almost all organised stock exchanges are bound by comparable or much rigorous reporting and filing requirements (Kamarudin, Ismail, Yaacob, & Bakar, 2018). In contrast, more studies have shown that the average ARL in other developing countries is less than Malaysia.…”

Section: Descriptive Statisticsmentioning

confidence: 99%

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Audit Committee Chair Attributes and Audit Report Lag in an Emerging Market

Al-Qublani¹,

Kamardin²,

Shafie³

2020

IJFR

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This study is motivated by the new listing requirement of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange, KLSE) concerning the shorter timeframe of annual report release. Similarly, the call for future research on the efficacy of audit committee chair (ACC) attributes with audit report lag (ARL) has further driven this study. Therefore, this paper aimed to analyse the relationship between the ACC expertise and ACC tenure with the ARL of companies in the Main Market of Bursa Malaysia in 2015 using a sample of 139 companies. Furthermore, other audit committee (AC) attributes such as AC overlap and AC independence were also examined. Results of the study revealed an average of 95 days is required by the companies to conclude their respective audit reports. ACC with accounting expertise enhanced the ARL, whereas AC overlap and AC independence did not reduce the ARL. Concurrently, other control variables like AC size, frequency of AC meetings, firm size, leverage, and profitability depicted significant relationship with the ARL. Hence, this research is relevant to the current ARL literature via the provision of evidence and justification regarding the important role of ACC with accounting expertise towards the AC effectiveness, thus enhancing the timelines of financial reporting.

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Section: Regression Resultsmentioning

confidence: 58%

Section: Descriptive Statisticsmentioning

confidence: 99%

Audit Committee Chair Attributes and Audit Report Lag in an Emerging Market

Al-Qublani¹,

Kamardin²,

Shafie³

2020

IJFR

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“…This is what drives management to accelerate the delivery of financial statements. In addition Kamarudin et al (2018) stated that larger companies are considered completing their account audits earlier than small companies because they have strong controls. Internal control of large companies is stronger than small companies.…”

Section: The Effect Of Company Size On Reputation Of the Public Accoumentioning

confidence: 99%

Audit Lag Criteria Report as a Determination of the Reliability and Quality of Auditor's Report in Indonesia

Muda¹,

Davis²,

Erlina³

et al. 2020

RWE

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This paperaims to knowthe quality indicatorsof the financial statements which consist of profitability, solvency and reputation of Registered Public Accountant (KAP)to the audit lagwith company size as a moderation variable either partially or simultaneously in LQ45 companies. This research is a comparative causal research with ex post facto approach. Purposive sampling technique is used in this research and there are 18 samples collected by this technique from LQ45 in Indonesia Company Issueryear 2010-2016. The data analyzed research is 126. Data analysis technique used Moderated Regression Analysis (MRA) with the Application ofEviews Software. The study concluded thatstudy showed that solvency, reputation of the public accounting firm and company size had a significant effect on Audit Lag, while profitability had no significant effect on Audit Lag. The size of a company able to moderate the effect of independent variablesto the Audit Lag and not haveto moderate the effect of the profitability to the Audit Lag.

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“…Later, Schwartz and Soo (1996) find that earnings release delays can lessen the value of public disclosures pertinent to the security pricing and lead to use inequity among market participants due to information asymmetry. Though large numbers of studies have examined this issue, but evidence from emerging market remains scarce (Kamarudin et al, 2022;Kamarudin et al, 2021;Kamarudin et al, 2019;Kamarudin et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

Timeliness of Financial Reporting: The Examination of Auditor Tenure and Industry Specialization

Ismail¹,

Hashim²,

Tjahjadi³

et al. 2022

IJARBSS

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This study examines the effect of auditor tenure and industry specialization on financial reporting timeliness. Using evidence from the corporate report of public listed companies in Malaysia, the results from multivariate regression analysis show that audit firm tenure and industry specialization are associated with financial reporting timeliness. The findings show that audit tenure is positively associated with a timelier financial reporting, indicating a shorter audit period. This evidence is consistent with the knowledge spillover arguments. The results also indicate that industry specialist is linked with less timely financial reporting, in which the appointment of industry specialist would result in a longer period to complete audit, probably because a large number of clients to be handled. The result is robust even after including various controls namely auditor size, audit fees, audit committee size, CEO duality, financial year end, firm size, leverage, and growth. The evidence suggests that financial reporting timeliness can be improved by retaining incumbent auditor and selecting a non-industry specialist. This study contributes to the existing literature on the role of auditor in providing timely financial reports. The results of this study are useful for regulators in Malaysia as an input for their effort in setting the rules and regulation relating to auditor tenure to enhance the relevance of corporate reports produced by publicly listed firms.

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Auditor Specialization and Its Influence on the Association Between Governance and the Timeliness of Financial Reporting

Cited by 3 publications

References 15 publications

Audit Committee Chair Attributes and Audit Report Lag in an Emerging Market

Audit Committee Chair Attributes and Audit Report Lag in an Emerging Market

Audit Lag Criteria Report as a Determination of the Reliability and Quality of Auditor's Report in Indonesia

Timeliness of Financial Reporting: The Examination of Auditor Tenure and Industry Specialization

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