Record Details

Audit Committee Financial Expertise and Audit Report Lag: Malaysia Further Insight

Asian Journal of Accounting and Governance

View Archive Info
 
 
Field Value
 
Title Audit Committee Financial Expertise and Audit Report Lag: Malaysia Further Insight
 
Creator Salleh, Zalailah
Baatwah, Saeed Rabea
Ahmad, Norsiah
 
Subject Audit Committee Financial Expertise; Audit Report Lag; Malaysia
 
Description Recent audit and financial reporting quality research suggest that audit committee financial expertise is a crucial ingredient for high quality financial reports. However, Malaysian literature has reported no association between audit committee financial expertise and audit report timeliness. Using audit report lag, we examined whether Malaysian audit committee financial expertise is relevant for financial reporting timeliness. Using data from 2005 to 2011 from the top 100 Malaysian companies and the fixed effects panel data approach, we find that audit committee financial expertise is not significantly associated with audit report lag proxies. We further examined this issue with the basic premise that audit committee independence enhances the role of audit committee financial expertise. However, the interaction between these mechanisms shows an insignificant association. Additional investigation reveals that these results are driven by the lack of independence on Malaysian boards. We also find evidence suggesting that neither a large number of subsidiaries nor the quality of financial reporting sufficiently justify the recent Malaysian reforms relating to the financial reporting timeframe.
 
Publisher Penerbit UKM
 
Contributor —
 
Date 2017-11-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ejournal.ukm.my/ajac/article/view/13558
10.17576/AJAG-2017-08-12
 
Source Asian Journal of Accounting and Governance; Vol 8 (2017); 137-150
2180-3838
 
Language eng
 
Relation http://ejournal.ukm.my/ajac/article/view/13558/6677
http://ejournal.ukm.my/ajac/article/downloadSuppFile/13558/6094