Risk Management Functions and Audit Report Lag among Listed Saudi Manufacturing Companies

Omer, Waddah Kamal Hassan; Aljaaidi, Khaled Salmen; Almoataz, Ehsan Saleh

doi:10.13106/jafeb.2020.vol7.no8.061

Cited by 15 publications

(8 citation statements)

References 35 publications

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“…The adjusted coefficient of determination R 2 is low, albeit significant, since the ANOVA result for both SMEs (F = 11.388; p-value = 0.000) and non-SMEs (F = 8.000; p-value = 0.000) is significant. While some of the previous studies present values higher than those obtained here, similar coefficients were obtained in other research [68,69]. A low value for adjusted R 2 indicates the existence of strange variables intervening in the model [70].…”

Section: Multivariate Analysissupporting

confidence: 87%

Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs

Escaloni

Mareque

2021

Sustainability

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Audit report lag is considered to be an indicator of audit punctuality and efficiency, while the existence of factors that may determine this lag has been signalled in previous studies. The objective of this study is to identify the determinants of audit report lag in Spanish SMEs, and to analyse the potential singularities of these factors with regards to non-SMEs. With this aim in mind, a set of factors has been analysed; in the previous literature, a relationship has been observed between these factors and the characteristics of the audited company, the auditor and the audit exercise. Additionally, the possible influence of financial crisis and recovery periods is analysed. The sample analysed is made up of 3217 unlisted Spanish firms for the years 2008–2015. Multiple linear regression analysis is used, modelling the audit report lag based on the independent variables related to the characteristics of the audited company, the auditor and the audit exercise. Based on the results obtained, we can support the existence of differences among the independent variables responsible for the audit report lag based on company type (SME/non-SME), with a larger number of factors impacting the audit report lag in SMEs. It is worth noting the significant relationship between audit report lag and opinion and crisis variables, both for the SME and non-SME models. In the case of SMEs, links between audit report lag and the likelihood of bankruptcy, auditor type, number of economic activities carried out by the audited company, the industry to which the audited company pertains, and audit fees were also observed. Furthermore, we can conclude that audit report lag is greater in SMEs and that the independent variables explaining report lag differ according to whether the company is an SME or not.

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Section: Multivariate Analysissupporting

confidence: 87%

Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs

Escaloni

Mareque

2021

Sustainability

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“…In recent years, the application of a new generation of information technology such as blockchain and big data has promoted the change of audit mode [2]. Practical discussions on big data auditing techniques and methods are increasingly enriched [3][4] [5]. In the field of informatization and digitization, relevant practical exploration often precedes theoretical research, but theoretical sublimation is the scientific refinement and summary of practical problems [6].…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing Audit Risks in Enterprises on the Growth Enterprise Market: A Grounded Theory Approach

Xiaoming Deng, Yande Wang, Hui Chen, Xiang Zhou

2024

jes

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This paper adopts the research method of grounded theory, based on the annual report audit of 66 pharmaceutical manufacturing enterprises on the Growth Enterprise Market, exchange supervision and inquiry letters, the CSRC penalty announcement and online public comment materials, and based on the actual situation, to study the audit risk of pharmaceutical enterprises on the Growth Enterprise Market. . The study found that the misstatement risk of pharmaceutical companies on the GEM is divided into the overall level and the specific level. Among them, the overall misstatement is related to the external environment, operating risks, corporate governance, internal control, and related party transactions, while the specific misstatement risks are reflected in revenue recognition, goodwill impairment, R&D expense recognition, inventory valuation, and the availability of accounts receivable. Recoverability and other five aspects. In the context of big data, construct appropriate risk profiles analytical models are critical to the efficiency and quality of audit oversight. Through the research of this paper, it is helpful to assist intermediaries and regulatory authorities to systematically assess the misstatement risk of pharmaceutical companies on the GEM, and to take targeted risk response measures.

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“…These findings contradict the findings of Aldoseri et al (2021), Ezat et al (2021), andGamra et al (2022) who have discovered that the only characteristic that influences the ARL is financial expertise, while the AC size, independence, and meetings have no impact on the ARL. Moreover, Omer et al (2020) discovered that merging the risk management and audit committee functions into a single committee had a positive influence on the ARL. Based on the above review, only two studies-conducted in Malaysia and the United Kingdom-attempted to assess the impact of either AC member overlap or AC chair overlap on the ARL (Al-Qublani et al 2020;Ghafran and Yasmin 2018).…”

Section: Ac Characteristics and Arlmentioning

confidence: 99%

Does Audit Committee Busyness Impact Audit Report Lag?

Alsheikh

2023

IJFS

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We investigate the effects of both the busyness of audit committee (AC) members and the busyness of audit committee chairs on audit report lag (ARL) among Saudi non-financial firms between 2018 and 2021. In this study, a sample comprising a total of 515 firm-year observations from 140 non-financial firms was used. Measures for the busyness of the AC members and AC chairs, as well as a measure for the ARL, were derived from the previous literature to examine these relationships in Saudi Arabia. Our findings, based on two regression models and random effect estimates, suggest that both the busyness of AC members and the busyness of the AC chairs have positive and significant effects on the ARL. In addition, robustness checks using a different measurement of ARL as well as tests for fixed effect and pooled ordinary least square (OLS) were conducted, and the results confirm our findings. Finally, our findings can help regulators, policymakers, and auditors improve the timeliness of financial information disclosure by Saudi non-financial firms, and they can be expanded to include Gulf Cooperation Council (GCC) nations.

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Risk Management Functions and Audit Report Lag among Listed Saudi Manufacturing Companies

Cited by 15 publications

References 35 publications

Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs

Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs

Assessing Audit Risks in Enterprises on the Growth Enterprise Market: A Grounded Theory Approach

Does Audit Committee Busyness Impact Audit Report Lag?

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