DOES AN EFFECTIVE BOARD OF DIRECTORS HAVE ANY IMPACT ON AUDIT REPORT LAG?

Hashim, Ummi Junaidda and Abdul Rahman , Rashidah (2011) DOES AN EFFECTIVE BOARD OF DIRECTORS HAVE ANY IMPACT ON AUDIT REPORT LAG? WASHINGTON BUSINESS RESEARCH JOURNAL , 2 (1). pp. 61-81.

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Abstract

This study examines the link between corporate governance mechanisms and audit report lag among 288 companies listed on Bursa Malaysia for a three-year period from 2007 to 2009. Four characteristics of board of directors are examined (board independence, board diligence, board expertise and CEO duality) on their effectiveness in assuring the timeliness of audit reports. The results show that audit report lag for the listed companies in Malaysia ranges from 36 days to 184 days for the three year period and there are significant negative relationships between board diligence and audit report lag. This study found that the number of meetings held by the board of directors in a company is able to reduce audit report lag, indicates the board is discharging their role towards the company. This study, however, could not provide any evidence concerning the link between board independence, board expertise and CEO duality on audit report lag.

Item Type: Article
Keywords: audit report lag, board of directors
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Faculty / Institute: Faculty of Law, Accountancy & International Relations
Depositing User: UMMI JUNIADDA HASHIM
Date Deposited: 22 Feb 2015 03:25
Last Modified: 26 Oct 2015 23:00
URI: http://erep.unisza.edu.my/id/eprint/1507

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