The associations of board of directors’ characteristics with modified audit opinion

IF 0.7 Q4 BUSINESS AD-minister Pub Date : 2020-12-01 DOI:10.17230/AD-MINISTER.37.1
Waddah Kamal Hassan Omer, Khaled Salmen Aljaaidi, Mohd 'Atef Md Yusof, M. Selamat
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引用次数: 1

Abstract

The aim of this study is to investigate the association between the characteristics of the board of directors and the likelihood that a company receives a modified audit opinion (as a measure of the quality of companies external financial reporting) in Malaysia. To test our hypotheses, we use the pooled cross-sectional logistic regression analysis for 136 firm-year observations listed on Bursa Malaysia over the period 2009-2011.The evidence we uncover is consistent with the hypotheses that companies with large board size and greater financial expertise of the board of directors are less possible to receive a modified audit opinion. The evidence offers by this study reinforces the listing rules of the Malaysian-Corporate-Governance Code and the requirements of the Bursa Malaysia Corporate-Governance-Guide, which consider the significance of the board of directors as an aspect of good corporate governance to its critical role in the Malaysian financial reporting process.
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董事会特征与审计意见变更的关联
本研究的目的是调查董事会的特点和可能性之间的关联,公司收到修改的审计意见(作为公司外部财务报告质量的衡量标准)在马来西亚。为了检验我们的假设,我们对2009年至2011年期间在马来西亚证券交易所上市的136家公司进行了汇总横断面逻辑回归分析。我们发现的证据与假设一致,即董事会规模大、董事会财务专业知识高的公司不太可能收到修改的审计意见。本研究提供的证据强化了马来西亚公司治理准则的上市规则和马来西亚证券交易所公司治理指南的要求,它们认为董事会作为良好公司治理的一个方面的重要性,在马来西亚财务报告过程中发挥着关键作用。
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来源期刊
AD-minister
AD-minister BUSINESS-
自引率
55.60%
发文量
0
审稿时长
5 weeks
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