عنوان انگلیسی مقاله:

Earnings Quality and Audit Attributes in High Concentrated Ownership Market

ترجمه عنوان مقاله: کیفیت سود و مشخصه های حسابرسی در مالکیت بازار کنسانتره

رشته: مالی و حسابداری

سال انتشار: 2016

تعداد صفحات مقاله انگلیسی: 40 صفحه

منبع: Emerald

نوع فایل: pdf

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چکیده

Abstract Earnings Quality and Audit Attributes in High Concentrated Ownership Market

Purpose: The objective of this study is to examine the effect of the audit committee independence, financial expertise, internal audit function, audit quality and ownership concentration on earnings quality, and consequently, ascertain whether the audit committee independence and financial expertise has a moderating effect on the relationship between internal audit function and earnings quality.

Design/methodology/approach: The study sample is 508 firms listed on the Main Market of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) for the years 2009 to 2012. Earnings quality was measured using two Modified Jones Models of discretionary accruals.

Findings: The findings reveal that independence of audit committee, investment in internal audit function as well as the Big4 audit firm are related to greater earnings quality. Ownership concentration is found to be associated with lower earnings quality. The study provides evidence that audit committee independence moderates the relationship between internal audit function (investment in and sourcing arrangements of internal audit function) and earnings quality. It also shows that audit committee financial expertise moderates the relationship between sourcing arrangements of internal audit function and earnings quality.

Theoretical implications: This study extends the prior related literature by examining audit committee independence and financial expertise as moderating variables on the relationship between internal audit function and earnings quality.

Practical implications: Policymakers might use the findings regarding earnings quality in relation to governance practices, to recognize the important roles played by the audit committee independence and financial expertise on the effectiveness of internal audit function with earnings quality.

Originality/value: This paper uses agency theory and resource dependence theory to provide empirical evidence on the impact of internal audit function and audit committee on earnings quality in the ownership concentration environment.

Keywords: Audit committee, internal audit function, ownership concentration, discretionary accruals, earnings quality, Malaysia

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