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The effect of audit committee's characteristics on the audit report timeliness : empirical evidence from the UK
العناوين الأخرى
تأثير خصائص لجنة المراجعة على توقيت إصدار تقرير مراجعة : دراسة تجريبية من المملكة المتحدة
المؤلفون المشاركون
al-Adawi, Layla Muhammad al-Shawadfi
al-Gharabawi, Adil Hasan
المصدر
Journal of Alexandria University for Administrative Sciences
العدد
المجلد 58، العدد 5 (30 سبتمبر/أيلول 2021)، ص ص. 231-272، 42ص.
الناشر
تاريخ النشر
2021-09-30
دولة النشر
مصر
عدد الصفحات
42
التخصصات الرئيسية
الموضوعات
الملخص EN
This paper examines the association between the attributes of the audit committees (ACs) and the audit report timeliness for UK FTSE350 companies over the period 2017 to 2019.
In particular, we investigate the impact of AC's attributes, namely, independence, gender, financial expertise, activity and size; as prescribed by the UK Corporate Governance code (2018) on the audit report lag (ARL).
To this end, we employ the OLS regression with robust standard errors based on 633 firm-year observations.
Our results indicate that AC's independence and meeting frequency are associated with a reduction in audit report delay.
However, the results also indicate that AC's gender, financial expertise and size do not influence the audit report timeliness.
More interestingly, the UK listed companies, which issue their annual reports during the busy reporting period tend to have longer ARL.
In contrast, the high audit fees are significantly associated with shorter ARL.
Contrary to the propositions of the critical mass theory, additional analysis reveals that high representation of female directors in ACs would deter the financial reporting timeliness, since it is associated with longer ARL.
Our results are also robust for alternate measures for ACs' attributes of size, activity and expertise.
The findings of our study highlight the importance of ACs, as an internal governance mechanism, in enhancing the timeliness and the quality of companies' financial reporting.
It accentuates the role of independent director, as well as the ACs' meeting, in alleviating any disputes and settling any issue that might hinder the external auditors to release timelier audit report.
Our findings also direct the attention of the UK regulators to the importance of providing a clearer definition of the financial expertise required by ACs' members.
In addition, our results also direct the attention of the UK companies to the importance of choosing the female directors' members in ACs based on their qualification and expertise, rather than their mere representation to satisfy the UK CG recommendation.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
al-Adawi, Layla Muhammad al-Shawadfi& al-Gharabawi, Adil Hasan. 2021. The effect of audit committee's characteristics on the audit report timeliness : empirical evidence from the UK. Journal of Alexandria University for Administrative Sciences،Vol. 58, no. 5, pp.231-272.
https://search.emarefa.net/detail/BIM-1305134
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
al-Adawi, Layla Muhammad al-Shawadfi& al-Gharabawi, Adil Hasan. The effect of audit committee's characteristics on the audit report timeliness : empirical evidence from the UK. Journal of Alexandria University for Administrative Sciences Vol. 58, no. 5 (Sep. 2021), pp.231-272.
https://search.emarefa.net/detail/BIM-1305134
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
al-Adawi, Layla Muhammad al-Shawadfi& al-Gharabawi, Adil Hasan. The effect of audit committee's characteristics on the audit report timeliness : empirical evidence from the UK. Journal of Alexandria University for Administrative Sciences. 2021. Vol. 58, no. 5, pp.231-272.
https://search.emarefa.net/detail/BIM-1305134
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
-
رقم السجل
BIM-1305134
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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