Citation

Liew, Chui Ling and Jaffar, Nahariah and Abdullah Salim, Abdullah Sallehhuddin (2021) Political Connections, Risk Management Committees and Audit Fees: Malaysian Evidence. In: 2nd Post Graduate Social Science Colloquium Proceedings 2021, 8-9 June 2021, Cyberjaya, Malaysia. (Submitted)

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Abstract

Distinct from other board committees, RMC presents an interesting setting to understand the association between evolving risk governance mechanism and audit pricing, especially for firms with political background. Politically connected firms are commonly being viewed as risker and required additional efforts from auditors. RMC plays an increasingly vital role in monitoring the management and providing strategic resources to the boards, with the aim of strengthening the risk oversight function. However, prior literature is comparatively scarce in respect of how risk governance influences the audit function, particularly under a relationship-based capital market like Malaysia. Purpose – This study investigates the influence of risk governance structures on the external audit fees. Specifically, this study considers how the RMC formation and RMC characteristics affect the audit fees and their moderating effects on the relationship between politically connected firms and audit fees.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	2nd Post Graduate Social Science Colloquium Proceedings 2021 (Book of Abstract)
Uncontrolled Keywords:	Risk management committee, politically connected firms, audit fees, Malaysia
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28-70 Management. Industrial Management > HD61 Risk in industry. Risk management
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Nurul Iqtiani Ahmad
Date Deposited:	19 Oct 2021 14:05
Last Modified:	19 Oct 2021 14:05
URII:	http://shdl.mmu.edu.my/id/eprint/9669

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