Factors influencing audit report lag in Malaysian public listed companies / Amanuddin Shamsuddin ... [et al.]

Shamsuddin, Amanuddin and Zahar, Amira Natasha and Mohd Zahar, Anis Amira and Rengasamy, Mithrah (2019) Factors influencing audit report lag in Malaysian public listed companies / Amanuddin Shamsuddin ... [et al.]. Insight Journal : International, Refereed, Open Access, Online Journal, 5 (12). pp. 100-108. ISSN 2600-8564

Abstract

Timeliness of audited financial statement is significantly influenced by the length of the audit process. The purposes of this study is to identify the level of audit report lag (ARL)
in Malaysian public listed companies and to investigate the factors that influence ARL in Malaysia. This study extends the previous studies by using the sample of 725 public listed
companies in Bursa Malaysia for the year 2017. Secondary data from the companies’ annual reports were used in this study. The results show that 97.7% (708 out of 725) of
public listed companies complied with Bursa Malaysia requirements to have audited financial statement prepared within 4 months; hence on 17 (2.3%) companies did not
comply. Meanwhile, the average number of days taken by companies to issue their audited financial statement is between 95 to 96 days. The results also indicate that there
is a significant relationship between audit tenure, audit firm reputation and ARL. However, there is no significant association between type of industry and ARL. Findings from this study would contribute to practitioners and relevant regulatory bodies such as Bursa Malaysia, Malaysian Institute of Accountants in ensuring that ARL can be reduced or
minimised.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Shamsuddin, Amanuddin
UNSPECIFIED
Zahar, Amira Natasha
UNSPECIFIED
Mohd Zahar, Anis Amira
UNSPECIFIED
Rengasamy, Mithrah
UNSPECIFIED
Contributors:
Contribution
Name
Email / ID Num.
Chief Editor
Zainon, Assoc. Prof Dr. Saunah
UNSPECIFIED
Editor
Raja Ahmad, Assoc. Prof Dr. Raja Adzrin
UNSPECIFIED
Editor
Soo, Assoc. Prof. Dr. Carolyn Kum Yoke
UNSPECIFIED
Editor
Kadri, Associate Professor Dr. Carolyn Kum Yoke
UNSPECIFIED
Editor
Ismail, Dr. Noriah
UNSPECIFIED
Editor
Mohd Ariff Albakri, Associate Professor Dr. Intan Safinas
UNSPECIFIED
Editor
Khairani, Dr. Noor Sufiawati
UNSPECIFIED
Editor
Othman, Dr. Akmal Aini
UNSPECIFIED
Editor
Ismail, Dr. Norashikin
UNSPECIFIED
Editor
Ahmad, Associate Professor Dr. Syahrul Ahmar
UNSPECIFIED
Editor
Misman, Dr. Faridah Najuna
UNSPECIFIED
Editor
Shamsuddin, Associate Professor Dr. Amanuddin
UNSPECIFIED
Subjects: H Social Sciences > HJ Public Finance > Auditing
H Social Sciences > HJ Public Finance > Public accounting. Auditing
Divisions: Universiti Teknologi MARA, Johor > Segamat Campus
Journal or Publication Title: Insight Journal : International, Refereed, Open Access, Online Journal
UiTM Journal Collections: UiTM Journal > INSIGHT Journal (IJ)
ISSN: 2600-8564
Volume: 5
Number: 12
Page Range: pp. 100-108
Related URLs:
Keywords: Audit Report Lag (ARL); Timeliness; Public Listed Companies; Malaysia; UiTM Cawangan Johor
Date: 2019
URI: https://ir.uitm.edu.my/id/eprint/42288
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