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Relationship between the industry specialist auditors and financial reporting timeliness under MFRS

Puat Nelson, Sherliza and Ahmad, Maslina and Mohamed, Hamidah (2019) Relationship between the industry specialist auditors and financial reporting timeliness under MFRS. Pertanika Journal of Social Sciences & Humanities, 27 (1). pp. 213-233. ISSN 0128-7702 E-ISSN 2231-8534

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Abstract

This paper aims to identify the association between financial reporting timeliness and the presence of industry specialist auditors. The auditor’s report lag (ARL) is used as a proxy for the financial reporting timeliness. The association between the two factors was examined through the resource dependence theory. Data comprise the 2012 annual reports of 796 Malaysian public listed companies and 342 of these companies had fully complied with the Malaysian Financial Reporting Standards (MFRS). From the results noted, it appears that financial reporting timeliness can be improved through the engagement of industry specialist auditors. This outcome contributes to the existing literature in auditing by enlarging the empirical evidence that was assessed with four different methods.

Item Type: Article (Journal)
Additional Information: 3486/71686
Uncontrolled Keywords: Audit report lag, industry specialist auditor, MFRS, timeliness
Subjects: H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5601 Accounting. Bookkeeping
H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5717 Business communication
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
Kulliyyah of Economics and Management Sciences > Department of Accounting
Depositing User: DR MASLINA AHMAD
Date Deposited: 19 Apr 2019 09:38
Last Modified: 12 Jul 2019 10:58
URI: http://irep.iium.edu.my/id/eprint/71686

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