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- Title
Hubungan antara Firma Audit Pakar Industri dan Pendedahan Urusniaga Pihak Berkaitan di kalangan Syarikat Tersenarai di Malaysia.
- Authors
WAAD, NUR HIDAYAH; NOR, HAMEZAH MD; RAHMAT, MOHD MOHID; ON, HARLINA MOHAMED
- Abstract
This study examines the relationship between industry specialist audit firm (ISAF) and related party transactions disclosure (RPT), for which empirical evidence of a relationship between the two is still lacking. RPT is the most difficult transactions to audit and therefore auditors with industry expertise are assumed to be able to detect and increase the disclosure of RPT. A total of 646 listed companies in Malaysia involving a total of 3,230 observations from 2014 to 2018 were used to test the hypotheses of this study. ISAF was measured at different market share thresholds namely ISAF 10% and ISAF 20% to provide more robust results. Content analysis method was used for RPT data collection. Based on regression test, the results of the study found that the relationship between ISAF and RPT is dependent on the threshold value of ISAF. Specifically, this study found that higher market share threshold (ISAF 20%) was positively related to RPT disclosure. The results of this study can provide additional evidence that audit firm with high industry expertise are able to provide better quality audit services through increased of RPT disclosure compared to non-specialist audit firm. Accounting practitioners and regulators may consider industry expertise criteria in regulating companies involved in any contracts involving related parties.
- Subjects
INTERNATIONAL Security Assistance Force (Afghanistan); QUALITY of service; MARKET share; DISCLOSURE; CONTENT analysis; RELATED party transactions; EMPIRICAL research
- Publication
Asian Journal of Accounting & Governance, 2022, Vol 18, p97
- ISSN
2180-3838
- Publication type
Article
- DOI
10.17576/AJAG-2022-18-07