NON-AUDIT SERVICES AND THE CORPORATE GOVERNANCE OF AUDIT CLIENTS

K. A. Kamarudin, W. Ismail, Jessieca Cherryl Yatan
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引用次数: 2

Abstract

This paper investigates the relationship between corporate governance qualities and the purchase of non-audit services among Malaysian Listed Companies. The sample consists of 709 companies listed on Bursa Malaysia during the year 2014. The study posits that CEO duality, board independence, audit comitte independence, big 4 auditors, the audit committee size, and the frequency of audit committee meetings are associated with the amount of non-audit services. This is basically based on the argument that weaker governance allows the company to jeopardise the independence of external auditor, hence higher level of non-audit services. Company size, profitability, leverage, growth and industry are also included in the study as the control variables. Using the ordinary least square regression model and relevant diagnostic tests, findings shows that only board independence, audit committee independence, audit committee size and big 4 auditors are associated with the level of non-audit services. The results of this study contribute to the present literature on the determinants of non-audit services, especially in emerging market. The result would also be informative to regulators worldwide when considering to apply new policies related to non-audit services.
非审计服务与审计客户的公司治理
本文研究了马来西亚上市公司公司治理质量与非审计服务购买之间的关系。样本包括2014年在马来西亚证券交易所上市的709家公司。该研究认为,CEO的双重性、董事会的独立性、审计委员会的独立性、四大审计机构、审计委员会的规模和审计委员会会议的频率与非审计服务的数量有关。这基本上是基于这样一种观点,即较弱的治理会使公司危及外部审计师的独立性,从而提高非审计服务的水平。公司规模,盈利能力,杠杆率,成长性和行业也被纳入研究作为控制变量。利用普通最小二乘回归模型和相关的诊断检验,发现只有董事会独立性、审计委员会独立性、审计委员会规模和四大审计机构与非审计服务水平相关。本研究的结果有助于目前的文献非审计服务的决定因素,特别是在新兴市场。研究结果也将为全球监管机构在考虑应用与非审计服务相关的新政策时提供参考。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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