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

Ahmad, Maslina and Mohamed, Hamidah and Puat Nelson, Sherliza (2016) The association between industry specialist auditor and financial reporting timeliness- post MFRS Period. Procedia Social and Behavioral Sciences, 219. pp. 55-62. ISSN 1877-0428

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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:	Article (Journal)
Additional Information:	3649/55297
Uncontrolled Keywords:	Audit report lag, financial reporting timeliness, indusstry specialist auditors, Malaysian financial reporting standards, full convergence.
Subjects:	H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5601 Accounting. Bookkeeping
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:	14 Feb 2017 12:00
Last Modified:	17 Jul 2017 15:00
URI:	http://irep.iium.edu.my/id/eprint/55297

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