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The association between corporate governance attributes and audit fees in Malaysia : ethnicity implications

Johl, Shireenjit, Zain, Mazlina and Subramaniam, Nava 2009, The association between corporate governance attributes and audit fees in Malaysia : ethnicity implications, in AFAANZ 2009 : Accounting and Finance Association of Australia and New Zealand Annual Conference, AFAANZ, Adelaide, S. Aust., pp. 1-42.

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Title The association between corporate governance attributes and audit fees in Malaysia : ethnicity implications
Author(s) Johl, Shireenjit
Zain, Mazlina
Subramaniam, Nava
Conference name Accounting and Finance Association of Australia and New Zealand. Conference (2009 : Adelaide, South Australia)
Conference location Adelaide, South Australia
Conference dates 5-7 July 2009
Title of proceedings AFAANZ 2009 : Accounting and Finance Association of Australia and New Zealand Annual Conference
Editor(s) [Unknown]
Publication date 2009
Conference series Accounting and Finance Association of Australia and New Zealand Conference
Start page 1
End page 42
Publisher AFAANZ
Place of publication Adelaide, S. Aust.
Keyword(s) audit fees
audit pricing
audit committee
corporate governance
Malaysian ethnicity
Summary This study extends the literature on audit pricing by examining the relationship between audit fees and corporate governance factors, namely audit committee and CEO characteristics of 605 public-listed companies in Malaysia. The study specifically investigates the association between audit fees and the ethnicity attributes of the CEO (bumiputra or not) and audit committee members (i.e. proportion of bumiputra membership), as well as audit committee characteristics pertaining to the proportion of independent members, financial expertise and diligence. The findings indicate audit committee independence is significantly and positively associated with audit fees, while financial expertise has a negative association with audit fees. We however do not find any relationship between audit fees and audit committee diligence as measured by meeting frequency. In addition, the data also reveals that firms with bumiputra CEOs and bumiputra dominated audit committees hold significant and positive relationships with audit fees.
Language eng
Field of Research 150102 Auditing and Accountability
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category E1 Full written paper - refereed
Copyright notice ©2009, AFAANZ
Persistent URL http://hdl.handle.net/10536/DRO/DU:30023670

Document type: Conference Paper
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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