Audit Committee Support and Auditor Independence

19 Pages Posted: 19 Nov 2007

See all articles by Zulkarnain Muhamad Sori

Zulkarnain Muhamad Sori

INCEIF, The Global University of Islamic Finance

Shamsher Mohamad

University Putra Malaysia - Graduate School of Management

Siti Shaharatulfazzah Mohd Saad

Independent

Date Written: November 1, 2007

Abstract

This study investigates whether audit committee do contribute towards external auditor independence. Audit committees are mandatory internal control mechanism required in all listed firms to ensure effective enforcement of good corporate governance. The results indicate that auditor independence is positively associated with audit committee meetings, audit committee report in the annual report, roles to approve and review audit fees, and composition of audit board. These results are consistent with the spirit of corporate governance code that was designed, among others, to improve the quality of financial reporting and hence increase confidence in the information presented in the reports.

Keywords: Audit Committee, Auditor Independence, Bursa Malaysia, Perceptions, Compliance

JEL Classification: G34, M49, M41

Suggested Citation

Muhamad Sori, Zulkarnain and Mohamad, Shamsher and Mohd Saad, Siti Shaharatulfazzah, Audit Committee Support and Auditor Independence (November 1, 2007). Available at SSRN: https://ssrn.com/abstract=1031075 or http://dx.doi.org/10.2139/ssrn.1031075

Zulkarnain Muhamad Sori (Contact Author)

INCEIF, The Global University of Islamic Finance ( email )

Lorong Universiti A
Kuala Lumpur, Kuala Lumpur 59100
Malaysia
+60376514173 (Phone)
8 (Fax)

HOME PAGE: http://www.inceif.org/

Shamsher Mohamad

University Putra Malaysia - Graduate School of Management ( email )

Selangor Darul Ehsan
Serdang, Selangor 43400
Malaysia

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