Audit Committees and Financial Reporting Quality in Singapore

Kusnadi, Yuanto; Leong, Kwong Sin; Suwardy, Themin; Wang, Jiwei

doi:10.1007/s10551-015-2679-0

Cited by 123 publications

(153 citation statements)

References 26 publications

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“…As an accounting and auditing specialist, a board accountant also helps to monitor the ability of the management to make economic choices and offers experience-based views on the control of the financial statements of the firm (Klein 2002). Furthermore, the study of Kusnadi et al (2016) outlined the evidence from Singaporean firms that accounting specialists on the board encourage the quality of financial reporting substantially. They further confirmed these outcomes by considering both accounting and economic specialists and reporting the same outcomes, noting that accounting specialists act as a watchdog on the company's financial reporting system (Kusnadi et al 2016;Masud et al 2019).…”

Section: Accounting Experts On the Boardmentioning

confidence: 99%

“…Furthermore, the study of Kusnadi et al (2016) outlined the evidence from Singaporean firms that accounting specialists on the board encourage the quality of financial reporting substantially. They further confirmed these outcomes by considering both accounting and economic specialists and reporting the same outcomes, noting that accounting specialists act as a watchdog on the company's financial reporting system (Kusnadi et al 2016;Masud et al 2019). Accounting experts of a firm always concentrate on the profitability of a firm rather than the sustainability of that firm.…”

Section: Accounting Experts On the Boardmentioning

confidence: 99%

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Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

Rashid

Zobair

Chowdhury

et al. 2020

Bus Res

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Though remarkable literature exploring productivity and efficiency has emerged since the last half of the previous century, but dearth studies have been found in showing the impact of corporate governance on banks' productivity. The study aims to investigate the banks' productivity and its relationship with corporate governance. For this purpose, the study examines the productivity of 30 listed banks of Bangladesh deploying a Malmquist Productivity Index (an extension of Data Envelopment Analysis) with a panel data covering the period of five years from 2013 to 2017. The empirical results show that the average productivity of the banks is 1.03%. Finally, the ordinary least square (OLS), fixed effect (FE), and random effect (RE) regression were run separately. The research outcomes show that the productivity of the Bangladeshi banks is significantly influenced by financial performance, ownership structure, and board characteristics. The study provides the researchers, academicians, management of the banks, and regulatory body a new insight of how corporate governance influences the banks' productivity so that they can formulate a better policy to generate more productivity.

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Section: Accounting Experts On the Boardmentioning

confidence: 99%

Section: Accounting Experts On the Boardmentioning

confidence: 99%

Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

Rashid

Zobair

Chowdhury

et al. 2020

Bus Res

View full text Add to dashboard Cite

show abstract

“…Moreover, Pucheta-Martínez & de Fuentes [38] discover that AC independence is a negatively significant relationship at the 10% level with the reforms of audit opinion for noncompliance with GAAP. Antagonistically, this study did not discover any correlation between AC independence and quality of financial reporting [54,4,15,9]. However, the relationship between AC independence and modified audit opinion in Jordan remains unclear.…”

Section: Independence Of Audit Committeementioning

confidence: 73%

“…Empirical researches showed conflicting results with respect to the influence of AC size on the quality of financial reporting. Some of these showed that the size of the AC has a substantial negative relationship with the quality of financial reporting [4,9]. This suggests that the big size of AC would have superior control and overseeing role that has the potential to transform into a better quality of financial statements because of more participation and ideas.…”

Section: Size Of Audit Committeementioning

confidence: 99%

“…Hence, the AC's key responsibility is monitoring the process of financial reporting to safeguard ethical and decent financial statement by the managers on firm performance. This is along with supervising the efficiency of internal controls, and activities of external auditors [9]. It boosts the BoDs (principals) capability to act as a management supervisor by offering more comprehensive knowledge and insight for financial reporting [10].…”

Section: Introductionmentioning

confidence: 99%

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The Influence of Audit Committee Characteristics on Modified Audit Opinion in Jordan

Alkilani¹

2019

JFA

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The Jordanian Corporate Governance Code (JCGC) was first enacted in 2004 and revised in 2017. It offers standards for ethical and decent practices in the corporates. Law in Jordan in 2009 has enforced the formation of an audit committee for all listed companies. Literature has substantiated that the audit committee characteristic (ACCs) impact the quality of financial reporting. This work investigates the role of ACCs in lessening the prospect of corporates in obtaining modified audit opinion in the context of Jordan. Four ACC problems (expertise, independent, meeting, and size) have been studied and the modified audit opinion. The total sample of 117 listed companies on the Amman Stock Exchange (ASE) was studied. The relationship between the modified audit opinions (dependent variable), and ACCs (expertise, independent, meeting, and size; as independent variables) was analyzed using logistic regression. The ACCs is projected to effectively improve the quality of financial reporting, and thus, decrease the prospect of corporate in obtaining modified audit opinion. The findings according to the listed companies from 2012 to 2017 in Jordan showed that audit committee (AC) expertise validates this likelihood. Lastly, there is no effect of AC independent, size, and the number of meetings held on the modified audit opinion. General, the findings have policy implications on enhancing corporate governance (CG) efficacy concerning the quality of financial reporting.

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The mediating mechanism of earnings management on the relationship between life cycle and financial reporting quality: Finding from MRA and fsQCA

Khương

Anh

2022

Bus Strat Dev

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The study examined the relationship between organization life cycle (OLC) and financial reporting quality (FRQ) in the Vietnamese context with the mediating role of earnings management (EM). We used estimation OLS, fixed effects model, and other robustness tests to validate the results on a sample of 408 Vietnamese listed companies over the period 2010–2017. In addition, we compare the regression results with a recently established approach is, fuzzy‐set qualitative comparative analysis (fsQCA). The multiple regression analysis results suggest that firms with low profits or poor financial performance have low‐quality financial statements. On the other hand, when firms mature or have significant retained earnings, the quality of financial information improves and peaks. Besides, throughout the OLC, real earnings management behaviors are less likely to be used than accruals earnings management. Finally, because of the mediating effect of EM, the influence of OLC on FRQ is increased. The fsQCA findings indicate complex configurations between OLC, EM and other controls factors to the outcome of FRQ. This research contributes empirical evidence to the scientific literature on accounting and corporate governance. Next, the main contribution of our study is the examination of mediating role of EM on OLC‐FRQ association through both regression analysis and the fsQCA approach. Additionally, we conducted this study in Vietnam, where the legal framework in protecting the investors is still not complete; this will significantly contribute to the literature overview of OLC and FRQ.

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Audit Committees and Financial Reporting Quality in Singapore

Cited by 123 publications

References 26 publications

Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

The Influence of Audit Committee Characteristics on Modified Audit Opinion in Jordan

The mediating mechanism of earnings management on the relationship between life cycle and financial reporting quality: Finding from MRA and fsQCA

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