Audit committees and financial reporting quality following the government transformation program: evidence from Malaysia

Puat Nelson, Sherliza and Jamil, Nurul Nazlia (2011) Audit committees and financial reporting quality following the government transformation program: evidence from Malaysia. In: AYRC X3 Conference , 19-20 December 2011, PWTC, Kuala Lumpur. (Unpublished)

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Abstract

The main objective of this study is to investigate the impact of Green Book’s implementation through Government Transformation programme in improving financial reporting quality among Malaysian GLCs. Results show an agitation finding whereby no evidence was found to support the hypotheses. Nevertheless, results were significant on the year when transformations were made. Agency theory and resource dependence theory presented as the theory used to explain audit committee, as a monitoring mechanism and reduce the agency costs via gaining competitive advantage in knowledge, skills, and expertise towards financial reporting quality.However, much to my keenness,the theories were not supported hence delineating other alternative theories in gaining further understanding the relationship between audit committee and financial reporting quality. The introduction of the Green Book to strengthen the board’s effectiveness had shown otherwise. Consequently, provide some room for improvement for future research to collaborate other theoretical explanation that could explain these findings.

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	3486/10205
Uncontrolled Keywords:	Audit committees, financial reporting quality, GTP, earnings management, GLC, Malaysia
Subjects:	H Social Sciences > H Social Sciences (General) > H96 Public policy (General), Policy sciences
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Accounting
Depositing User:	Sherliza Puat Nelson
Date Deposited:	14 Dec 2011 14:26
Last Modified:	22 May 2012 10:09
URI:	http://irep.iium.edu.my/id/eprint/10205

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