Audit Report Lag and the Effectiveness of Audit Committee Among Malaysian Listed Companies

Hashim, Ummi Junaidda and Abdul Rahman , Rashidah (2011) Audit Report Lag and the Effectiveness of Audit Committee Among Malaysian Listed Companies. International Bulletin of Business Administration , 10. pp. 50-61. ISSN 1451-243X

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The purpose of this study is to examine the link between audit committee characteristics and audit report lag among 288 companies listed at Bursa Malaysia for a three year period from 2007 to 2009. The characteristics of audit committee examined are audit committee independence, audit committee diligence and audit committee expertise. In this study, audit report lag refers to the number of days from the company’s year end (financial year) to the date of auditor’s report. The results of this studyshow that audit report lag for the listed companies in Malaysia ranges from 36 days to 184 days for the three year period. The results of this study also show that audit committee independence and audit committee expertise could assist in reducing audit report lagamong companies in Malaysia. This study however could not provide any evidence on the link between audit committee diligence on audit report lag. Overall, the findings in this study provide some evidence supporting the resource based theory, whereby characteristics of the audit committee as the resources and capabilities could improve companies’ performance as well as corporate reporting.

Item Type: Article
Keywords: Audit Committee, Audit Report Lag
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Faculty / Institute: Faculty of Law, Accountancy & International Relations
Date Deposited: 22 Feb 2015 03:19
Last Modified: 26 Oct 2015 23:01

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