Corporate governance and audit report timeliness: Evidence from Kuwait

Abstract

The purpose of this study is to empirically investigate the impact of corporate governance mechanisms, among other variables, on audit report lag (ARL) for a sample of 97 companies listed on the Kuwait Stock Market (KSE) in 2020. Audit report lag is measured as the number of days between the date of the financial year end and the date of the audit report. The descriptive statistics indicate that there is considerable variation in the ARL between the sample companies, ranging from 13 to 121 days, with an average of 69 days. A multivariate regression model was employed to examine the association between ARL and corporate governance proxies, namely: board size, board meetings, board financial expertise, non-executive directors, and institutional ownership. The results indicate that companies whose boards have considerable financial expertise are associated with lower audit delay. For other (control) variables, the results indicate that profitability, company size, type of audit opinion, and industry type are found to have a significant impact on the timeliness of financial reporting. More profitable and larger companies were found to issue their audited financial reports faster. Moreover, financial institutions show a shorter lag in releasing their annual report than other sectors, and companies which seek qualified opinions have longer ARLs. Finally, in order to improve the timeliness of annual reports of companies listed on the market, the study suggests the adoption of eXtensible Business Reporting Language (XBRL). There is convincing evidence to suggest that the use of XBRL results in timelier stock market filing and shorter ARL.

Corporate social responsibility & students’ perceptions: evidence from Indian higher education institutions

“…With regard to the study's secondary goal, which is to determine how students' demographic information affects their views on CSR, differentiation based on age, level of education, and professional experience was supported by the data in this study, which strongly indicates that students' CSR perceptions is influenced by the sociodemographic variables which is in line with the findings of ( Almutawa and Hewaidy, 2020 ) and is in contradiction to the findings of ( Anand and Singh, 2021 ; Burcea and Marinescu, 2011 ; Pätäri et al, 2017 ; Teixeira et al, 2018 ; Ugwuozor, 2020 ). Whereas the t-tests on gender and civil status depicted that there is no statistical relationship between these two variables and the reduced dimensions of students’ impression of CSR which is in line with finding of ( Almutawa and Hewaidy, 2020 ; Chan et al, 2021 ).…”

Constructing CSR student self-consciousness through university social responsibility implementation: evidence in Indonesia

“…Universities, especially accounting undergraduate programs, need to specifically address the development of disclosure through an integrated curriculum with corporate social responsibility (CSR). Furthermore, accounting students who are part of business students are future leaders and employees who can determine the future economy of a country, through knowledge and business decisions (Almutawa and Hewaidy, 2020). Therefore, establishing the correct awareness of accounting students about CSR is an important thing that companies and academics need to pay attention to as their preparation steps in creating a better future business climate (Ham et al , 2015).…”

The Influence of Environmental Accounting Knowledge, Environmental Sensitivity, and CSR Knowledge on Accounting Students Environmental Sustainability Behavior

“…Corporate social responsibility knowledge is reflected in their decision-making in contributing to CSR activities on campus and off campus, their interest in working or building businesses that implement CSR, and their sustainable consumptive behavior. CSR in accounting education increases students' awareness of ethical issues and social impact of business decisions (Almutawa & Hewaidy, 2020). Accounting students in Indonesia who are exposed to CSR concepts are more likely to develop a strong sense of responsibility and ethical foundation, which is crucial to addressing issues such as corruption and poor financial management in some sectors (Agustina et al, 2023).…”