Audit Committee Resources, Appointment and Future Scope: Some Evidence from Malaysia
16 Pages Posted: 16 Aug 2006
Date Written: August 2006
The aim of this study is to investigate the perceptions of senior managers of Malaysian publicly listed companies concerning audit committee resources, appointment, and the impact of audit committee establishment on company performance and future scope of audit committee. Questionnaire survey technique was employ to answer the research questions. It is found that members of the audit committee should serve the company for a period from 1 to 3 years, audit committee members should be entitled to unlimited access to company information and records, and the regulator should play a role in appointing and terminating members of the audit committee. Also, the results indicated that audit committee establishment has improved both company performance and corporate governance, and an improvement should be made to the scope of the audit committee of their organisation.
Keywords: Resources, Appointment, Scope, Effectiveness, Perceptions, Malaysia
JEL Classification: G30, M41, M49, M47, G34
Suggested Citation: Suggested Citation