Wan Hussin, Wan Nordin and Bamahros, Hasan Mohammed (2013) Do investment in and the sourcing arrangement of the internal audit function affect audit delay? Journal of Contemporary Accounting & Economics, 9 (1). pp. 19-32. ISSN 1556-5068

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Abstract

This paper investigates the association between the internal audit function attributes and audit delay using a sample of 432 publicly traded firms in Malaysia in 2009. In this unique setting, we capitalize on the publicly available data concerning the investment in and the sourcing arrangement of internal audit function. We find a negative relationship between the costs incurred for the internal audit function and audit delay. However, we do not find any significant association between the internal audit function sourcing arrangements and audit delay. Additionally, we find that greater audit committee independence and longer auditor-client tenure shorten audit delay, and more frequent audit committee meetings and higher misstatements in the preliminary unaudited earnings are associated with a longer audit delay.

Item Type:	Article
Additional Information:	Article in press
Uncontrolled Keywords:	Audit lag, Internal audit, Audit committee, Auditor tenure, Malaysia
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Othman Yeop Abdullah Graduate School of Business
Depositing User:	Prof. Dr. Wan Nordin Wan Hussin
Date Deposited:	04 Nov 2015 02:36
Last Modified:	19 Apr 2016 03:37
URI:	https://repo.uum.edu.my/id/eprint/16068

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