Timeliness of Annual Audit Report: Some Empirical Evidence from Malaysia

Entrepreneurship and Management International Conference (EMIC 2) 2011, Kangar, Perlis Malaysia

23 Pages Posted: 3 Dec 2011 Last revised: 15 Dec 2011

Siti Norwahida Shukeri

affiliation not provided to SSRN

Sherliza Puat Nelson

International Islamic University of Malaysia (IIUM)

Date Written: December 1, 2011

Abstract

The aim of this study is to examine the factors that influence annual audit report in Malaysia. The sample includes 300 largest companies listed in the KLSE for the year ended 2009. Findings show that audit report lag is significantly influenced by auditor type, audit opinion and firm performance. However, no evidence was found to support the effect of board independence, audit committee size, audit committee meetings and audit committee qualifications on audit report lag. Apart from contributing to the literature on determinants of audit timeliness, this study also falls under the strand of literature that examines the consequences of the regulatory changes introduced around the world to strengthen corporate governance and financial reporting transparency, hence provide evidences of recent audit delays.

Keywords: Audit Reports, Corporate Governance, Audit committees, Malaysia

Suggested Citation

Shukeri, Siti Norwahida and Nelson, Sherliza Puat, Timeliness of Annual Audit Report: Some Empirical Evidence from Malaysia (December 1, 2011). Entrepreneurship and Management International Conference (EMIC 2) 2011, Kangar, Perlis Malaysia. Available at SSRN: https://ssrn.com/abstract=1967284 or http://dx.doi.org/10.2139/ssrn.1967284

Siti Norwahida Shukeri

affiliation not provided to SSRN ( email )

Sherliza Puat Nelson (Contact Author)

International Islamic University of Malaysia (IIUM) ( email )

Department of Accounting, KENMS
P.O.Box 10, Jalan Sg Pusu
Kuala Lumpur, 50728
Malaysia

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