The association between industry specialist auditor and financial reporting timeliness- post MFRS Period

Ahmad, Maslina and Mohamed, Hamidah and Puat Nelson, Sherliza (2015) The association between industry specialist auditor and financial reporting timeliness- post MFRS Period. In: 3rd Global Conference on Business and Social Science 2015 (GCBSS), 16th -17th Dec. 2015, Kuala Lumpur.

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Abstract

This study examines audit report lag as one of the mechanisms to measure timeliness of financial reporting. The convergence of International Financial Reporting Standards (IFRS) with Malaysian Financial Reporting Standards (MFRS) might challenge the auditors to issue their listed clients’ audited financial statements on time. The presence of industry specialist auditors is believed to be able to reduce the audit report lag and subsequently enhance financial reporting timeliness. The overall results of the study suggest that the appointment of industry specialist auditors to undertake auditing work under full MFRS convergence improves financial reporting timeliness.

Item Type:	Conference or Workshop Item (Abstract)
Additional Information:	3649/49584 (ISBN: 978-967-13147-0-8)
Uncontrolled Keywords:	Audit Report Lag; Financial Reporting Timeliness; Industry Specialist Auditors; Malaysian Financial Reporting Standards; Full Convergence
Subjects:	H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5601 Accounting. Bookkeeping H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5735 Business records management
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Accounting
Depositing User:	DR MASLINA AHMAD
Date Deposited:	03 Mar 2016 16:01
Last Modified:	03 May 2016 15:34
URI:	http://irep.iium.edu.my/id/eprint/49584

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