The Effect of Audit Committee Characteristics on Financial Restatements in Malaysia


Wan Mohammad, Wan Masliza and Wasiuzzaman, Shaista and Morsali, Seyed Shahriar and Mohd Zaini, Rapiah (2018) The Effect of Audit Committee Characteristics on Financial Restatements in Malaysia. Journal of Asia-Pacific Business, 19 (1). pp. 4-22. ISSN 1059-9231,1528-6940

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This study investigates the influence of audit committee characteristics on the likelihood of financial restatements by firms in Malaysia. Annual reports of 350 firms that have restated their financial statements in the year 2008 and 2009 are analyzed. An additional 350 firms that did not restate their financial statements are considered, resulting in a total of 700 observations. Regression analysis identifies audit committee characteristics such as its independence, size, expertise and activity as statistically significant in explaining the likelihood of financial restatements. This article highlights the important role of the audit committee in mitigating financial restatements by firms in Malaysia

Item Type: Article
Uncontrolled Keywords: Audit committee, financial,restatements, corporate governance, Malaysia
Subjects: H Social Sciences > HF Commerce > HF5001-6182 Business > HF5601-5689 Accounting. Bookkeeping
Divisions: Faculty of Management (FOM)
Depositing User: Ms Rosnani Abd Wahab
Date Deposited: 23 Mar 2021 19:25
Last Modified: 23 Mar 2021 19:25


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