Audit Committee Resources, Appointment and Future Scope: Some Evidence from Malaysia

16 Pages Posted: 16 Aug 2006

See all articles by Siti Shaharatulfazzah Mohd Saad

Siti Shaharatulfazzah Mohd Saad

Independent

Jonathan Gerard Evans

University of Glamorgan - Business

Zulkarnain Muhamad Sori

INCEIF, The Global University of Islamic Finance

Mohamad Ali Abdul Hamid

Universiti Putra Malaysia

Date Written: August 2006

Abstract

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

Mohd Saad, Siti Shaharatulfazzah and Evans, Jonathan Gerard and Muhamad Sori, Zulkarnain and Abdul Hamid, Mohamad Ali, Audit Committee Resources, Appointment and Future Scope: Some Evidence from Malaysia (August 2006). Available at SSRN: https://ssrn.com/abstract=924129 or http://dx.doi.org/10.2139/ssrn.924129

Jonathan Gerard Evans

University of Glamorgan - Business ( email )

Glamorgan University
Pontypridd
Wales
United Kingdom
+44 0 1443 482080 (Phone)
01443 480558 (Fax)

HOME PAGE: http://bus.glam.ac.uk/staff/

Zulkarnain Muhamad Sori

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/

Mohamad Ali Abdul Hamid

Universiti Putra Malaysia ( email )

Selangor Darul Ehsan
Serdang, Selangor 43400
Malaysia

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