Senior Managers' Perceptions on Audit Committee Composition and Effectiveness: Some Evidence from Malaysia

2006 ◽  
Author(s):  
Siti Shaharatulfazzah Mohd Saad ◽  
Jonathan Gerard Evans ◽  
Zulkarnain Muhamad Sori
Keyword(s):  
Audit Committee ◽  
Senior Managers

scholarly journals Audit committee: Some evidence from Malaysia

2006 ◽  
Vol 2 (3) ◽  
pp. 25-35
Author(s):  
Zulkarnain Muhamad Sori ◽  
Mohamad Ali Abdul Hamid ◽  
Siti Shaharatulfazzah Mohd Saad ◽  
Jonathan Gerard Evans ◽  
Annuar Md Nassir
Keyword(s):  
Questionnaire Survey ◽  
Audit Committee ◽  
Audit Fees ◽  
Listed Companies ◽  
Financial Statement ◽  
Committee Report ◽  
Senior Managers ◽  
Survey Technique

This study aimed to investigate the perceptions of senior managers of Malaysian publicly listed companies on issues relating to audit committee authority and effectiveness. Questionnaire survey technique was employed to seek the respondents perceptions on five issues, namely audit committee appoints the auditor, audit committee determines and reviews audit fees, audit committee determines and reviews the auditor’s scope and duties, and audit committee’s reports and meetings. The majority of respondents agreed that auditor would be more effective and independent if audit committee assumed the responsibility to appoint the auditor, determine and review the audit fees, and determine and review the external auditor’s scope and duties. It is also found that disclosure of audit committee report and quarterly meeting would enhance the perceptions of users of financial statement concerning the effectiveness of the committee.

scholarly journals Evaluating the Intentionality of Identified Misstatements: How Perspective Can Help Auditors in Distinguishing Errors from Fraud

2016 ◽  
Vol 35 (4) ◽  
pp. 57-78 ◽  
Author(s):  
Erin L. Hamilton
Keyword(s):  
Audit Committee ◽  
Audit Quality ◽  
Senior Managers ◽  
Fraud Risk ◽  
Auditing Standards

SUMMARY Although auditors are responsible for detecting misstatements arising from either error or fraud, the auditing standards require very different audit responses when a misstatement is believed to be the result of an intentional act (AS No. 14, PCAOB 2010a). Specifically, if auditors suspect intentional misstatement, then they should perform additional audit procedures, reassess overall fraud risk and the integrity of management, and communicate potential concerns to the audit committee. Thus, if auditors fail to recognize and respond to information indicating a misstatement was caused intentionally, then audit quality may be impaired. The objective of this study is to investigate whether auditors who consider the perspective of the manager responsible for a misstatement's occurrence are more sensitive to circumstances indicating the misstatement was intentional. Using an experiment with audit managers and senior managers, I find that auditors who consider the client manager's perspective assess the misstatement as significantly more likely to be intentional when circumstances surrounding it indicate high, as opposed to low, fraud risk. In contrast, auditors who do not consider the client manager's perspective do not assess intentionality any differently, regardless of the level of fraud risk.

scholarly journals Non-executive directors and audit committee: a study on their authority and effectiveness

2008 ◽  
Vol 5 (2) ◽  
pp. 296-305 ◽  
Author(s):  
Zulkarnain Muhamad Muhamad Sori ◽  
Mohamad Ali Abdul Hamid ◽  
Siti Shaharatulfazzah Mohd Saad ◽  
Jonathan Gerard Evans
Keyword(s):  
Questionnaire Survey ◽  
Audit Committee ◽  
Annual Report ◽  
Audit Fees ◽  
Listed Companies ◽  
Financial Statement ◽  
Committee Report ◽  
Executive Directors ◽  
Senior Managers ◽  
Survey Technique

This study aimed to investigate the perceptions of senior managers of Malaysian publicly listed companies on issues relating to audit committee authority and effectiveness. Questionnaire survey technique was employed to seek the respondents perceptions on seven issues, namely audit committee appoints the auditor, audit committee determines and reviews audit fees, audit committee determines and reviews the auditor’s scope and duties, and audit committee’s reports, meetings, charter and roles. The majority of respondents agreed that auditor would be more effective and independent if audit committee assumed the responsibility to appoint the auditor, determine and review the audit fees, and determine and review the external auditor’s scope and duties. It is also found that disclosure of audit committee report, quarterly meeting and disclosure charter in annual report would enhance the perceptions of users of financial statement concerning the effectiveness of the committee.

Audit Committee Authority and Effectiveness: The Perceptions of Malaysian Senior Managers

2006 ◽  
Author(s):  
Siti Shaharatulfazzah Mohd Saad ◽  
Jonathan Gerard Evans ◽  
Zulkarnain Muhamad Sori ◽  
Mohamad Ali Abdul Hamid
Keyword(s):  
Audit Committee ◽  
Senior Managers

Committee Reports: Audit Committee

1963 ◽  
Author(s):  
J. Lewis Yager ◽  
Marshall R. Jones
Keyword(s):  
Audit Committee

Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Variabel Intervening Profitabilitas

2017 ◽  
Vol 25 (1) ◽  
pp. 13-39
Author(s):  
Achmad Tjahjono ◽  
Siti Chaeriyah
Keyword(s):  
Corporate Governance ◽  
Path Analysis ◽  
Executive Director ◽  
Audit Committee ◽  
Positive Impact ◽  
Institutional Ownership ◽  
Analysis Tool ◽  
Manufacturing Companies ◽  
Company Value ◽  
Good Corporate Governance

The Company was founded with the goal of increasing the value of the company as well as to provide prosperity for the owners or shareholders. Good Corporate Governance and profitability is an effort to enhance company value. This study aims to determine the influence of good corporate governance to company value with profitability as intervening variable. The population of this research is manufacturing companies listed in Indonesia Stock Exchange in 2010 - 2014. The sample is taken by using purposive sampling method. Under this method, as many as 123 companies were obtained. The analysis tool to test the hypothesis is path analysis with AMOS software version 21. Data analysis method is descriptive analysis, path analysis, and sobeltest. The results of this study indicate that managerial ownership, the audit committee and the profitability have positive impact toward the of the company value, institutional ownership has positive impact but not significant, non-executive director with negative effect tendency on the company value. The results of this study also showed that profitability cannot mediate the effect of good corporate governance mechanisms on company value. It can be suggested to replace the intervening variable with other variables such as quality of earnings instead of profitability since it is declined as an intervening variable. non-executive director and institutional ownership does not contribute any positive and significant effect on company value and profitability. The following research can use another proxy in the measurement process and consider other theories that could explain comprehensively.

Audit Committee Effectiveness Among Malaysian Listed Companies

2020 ◽  
Author(s):  
Shamsul Nahar Abdullah ◽  
Ku Nor Izah Ku Ismail
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Other ◽  
Interactive Effects ◽  
Committee Chairman ◽  
Kuala Lumpur ◽  
Political Costs ◽  
Leadership Structure

This study investigates further the previous paper by Shamsul Nahar and Al-Murisi (1997) by examining the interactive effects of the variables in that paper and introducing other variables associated with corporate governance and political costs. The present study postulated that percentage of external directors on audit committee interacted with the presence of an accountant on audit committee and with the number of years an audit committee in existence, respectively, to influence audit committee effectiveness. The study also posited that the interaction of the presence of an accountant on audit committee and the number of years an audit committee in existence positively and significantly influenced audit committee effectiveness. Addition. ally, the roles of leadership structure, audit committee chairman, and a firm's size on audit committee effectiveness were also investigated. Using a multiple regression from a sample consisting the Kuala Lumpur Stock Exchange listed companies, results showed that only a firm's size significantly influenced audit committee effectiveness in the predicted direction. Other variables, on the other hand, did not show any significant influence on audit committee effectiveness.  

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