Download or read book Malaysian Financial Reporting Standards and Audit Report Lag written by Charafeddine Krouchi and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reporting Timeliness and Industry Specialist Auditor written by Hamidah binti Mohamed and published by . This book was released on 2015 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to examine the association between the presence of industry specialist auditors and financial reporting timeliness under full convergence with Malaysian Financial Reporting Standards (MFRS). It is argued that the incorporation of International Financial Reporting Standards (IFRS) into MFRS will lengthen the audit report lag (ARL). However, the presence of industry specialist auditors, who are believed to be experts in a particular industry, is able to reduce the ARL and consequently enhance financial reporting timeliness. Hence, this study, investigates the relationship between the presence of industry specialist auditors and financial reporting timeliness under full convergence with MFRS. In this study, ARL which refers to the lag between financial year end to audit report date, is used as a proxy for financial reporting timeliness. This study extracts the data from the 2012 annual reports of Malaysian public listed companies. First, population of 796 companies is selected to determine the industry specialist auditor based on audit market share in each of 13 sectors. Then, out of 796 companies, only 342 are found to fully comply with MFRS in the first year of implementation based on a consideration of the transitioning entities that were given an extension to comply with MFRS beginning on or after 2014. The findings suggest that ARL has a significant negative relationship with the presence of an industry specialist auditor. This suggests that ARL will become shorter when a company utilizes industry specialist auditors to undertake auditing work under full MFRS convergence and that, this should improve financial reporting timeliness. This study contributes to the literature in two ways: First, it focuses on the first year of full MFRS implementation. Second, it focuses on the effects on companies in an emerging economy, Malaysia, of progressively improving accounting standards to fully comply with MFRS after a transition period of 2014.
Download or read book Accounting in Asia written by S. Susela Devi and published by Emerald Group Publishing. This book was released on 2011-12-15 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Papers cover subjects such as Executive compensation and corporate governance with special reference to Bangladesh; leading companies in India; Fraudulent Financial Reporting. Non-financial performance measures and performance relationship in the Bangladeshi manufacturing firms.
Download or read book Proceedings in Finance and Risk Perspectives 12 written by and published by Othmar M. Lehner. This book was released on with total page 655 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Corporate Governance Characteristics on Audit Report Lag written by Siti Norwahida binti Shukeri and published by . This book was released on 2011 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Timeliness of corporate annual financial reports is considered to be a critical and important factor affecting the usefulness of information that is made available to external users. The length of the audit process highly affects the timeliness of corporate financial reporting as documented by prior literature. The purpose of this study is to examine the impact of corporate governance characteristics on audit report lag in Malaysia. The corporate governance characteristics are board independence, audit committee size, audit committee meetings and audit committee qualifications. Consequently, the study applied the agency theory and formulated seven hypotheses that guided the analysis. The study sample comprised 703 Malaysian listed companies from Bursa Malaysia, which complied with the regulatory requirements and subjected to supervision of the Central Bank of Malaysia. Regression analysis was performed to examine the audit report lag determinants. The results show that audit report lag is influenced by audit committee size, auditor type, audit opinion and firm profitability. However, no evidence was found to support the effects of board independence, audit committee meetings and audit committee qualifications on audit report lag. Apart from contributing to the literature on corporate governance and audit timeliness, this study also falls under the strand of literature that examines the consequences of regulatory changes. Detail explanations of the findings of the study along with its implications, limitations and future research suggestions are highlighted.
Download or read book Auditing written by Ferdinand A. Gul and published by . This book was released on 2013 with total page 637 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reporting Standard 101 written by and published by . This book was released on 2009 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book MASB Exposure Draft 75 written by Malaysian Accounting Standards Board=Lembaga Piawaian Perakaunan Malaysia and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Corporate Governance and Ownership Structure on Audit Report Lag written by Siti Masitah binti Ibrahim and published by . This book was released on 2015 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Timeliness is an essential characteristic of financial reporting to promote investors' confidence in the capital market and to enable them to make decisions. The delay in releasing the annual financial report, which is highly influenced by the length of the audit process, would make the financial information less useful as it has lost its relevancy. In addition, a new regulation on shortening the timeframe for the issuance of annual reports which was proposed by Bursa Malaysia triggers the idea of this study to extend the literature on audit report lag. Thus, the main objective of this study is to examine the impact of corporate governance mechanisms and ownership structures on audit report lag among Malaysia's listed companies. The audit report lag is measured based on the number of days between the date of financial year end to the date of auditor report. The corporate governance mechanisms consists of board multiple directorships, audit committee size, audit committee meetings, and audit committee qualifications. Meanwhile, the types of ownership structures are managerial ownership, government ownership and foreign ownership. The resource dependence theory and agency theory are applied to explain the framework of this study and tested on the sample of 243 Malaysian listed companies for the financial year ended 2012. The results show that boards with multiple directorships, government ownership, auditor type, audit opinion and firm performance have significant negative associations with audit report lag, while audit committee meeting is found to be positively significant with audit report lag. However, the other four variables (managerial ownership, foreign ownership, and audit committee size and audit committee qualification) are found to have insignificant relationships with audit report lag.
Download or read book Malaysian Financial Reporting Standard 9 written by and published by . This book was released on 2014 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reporting Standards for Malaysia written by Jane Lazar and published by . This book was released on 2007 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Beginner s Guide to Malaysian Financial Reporting Standards written by Jane Lazar and published by . This book was released on 2009 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Malaysian Financial Reporting Standard 9 written by Lembaga Piawaian Perakaunan Malaysia and published by . This book was released on 2011 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reporting Standard 134 written by Lembaga Piawaian Perakaunan Malaysia and published by . This book was released on 2005 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reporting Standard 102 written by Lembaga Piawaian Perakaunan Malaysia and published by . This book was released on 2005 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reporting Standard 2 written by Lembaga Piawaian Perakaunan Malaysia and published by . This book was released on 2005 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reporting Standard 114 written by Lembaga Piawaian Perakaunan Malaysia and published by . This book was released on 2005 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
