Corporate governance and audit report timeliness: evidence from Malaysia

Puat Nelson, Sherliza and Shukeri, Siti Norwahida (2011) Corporate governance and audit report timeliness: evidence from Malaysia. In: Accounting in Asia. Research in Accounting in Emerging Economies (11). Emerald Group Publishing Limited, United Kingdom, pp. 109-127. ISBN 9781780524443

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Abstract

Purpose : The purpose of this study is to examine the impact of corporate governance characteristics on audit report timeliness in Malaysia. The corporate governance characteristics examined are board independence, audit committee size, audit committee meetings and audit committee members’ qualifications. Design/methodology/approach : The sample comprises of 703 Malaysian listed companies from Bursa Malaysia for the year 2009. It excludes companies from finance related sector as they operate under a highly regulated market under the supervision by the Central Bank of Malaysia. Further, regression analysis was performed to examine the audit report timeliness determinants. Findings : Results show that audit report timeliness is influenced by audit committee size, auditor type, audit opinion and firm profitability. However, no association was found between board independence, audit committee meetings and audit committee members’ qualifications and audit report timeliness. Research limitations/implications : Practical implication may be suggested on a minimum submission period of audit report, and regulators’ support for organisation to have larger audit committee size. Originality/value : The study investigates the impact of corporate governance on audit timeliness, in light of the recent amendments on the Malaysian Code of Corporate Governance made in 2007.

Item Type:	Book Chapter
Additional Information:	3486/6660
Uncontrolled Keywords:	Audit reports; timeliness; corporate governance; audit committees; Malaysia
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:	Sherliza Puat Nelson
Date Deposited:	21 Dec 2011 10:28
Last Modified:	22 May 2012 13:29
URI:	http://irep.iium.edu.my/id/eprint/6660

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