Widya, Yeney
Accounting Department,

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THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON TIMELINESS OF FINANCIAL REPORTING ...... Alshrife, Fouad Mohammed; Subekti, Imam; Widya, Yeney
The International Journal of Accounting and Business Society Vol 24, No 1 (2016)
Publisher : Accounting Department,

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (259.801 KB)

Abstract

This study examines the effects of the audit committee independence, audit committee activity, audit committee competence, and moderating auditor quality on the timeliness of financial reporting in manufacturing companies in Indonesia. The variables used in this study are timeliness of financial reporting, audit committee independence, audit committee activity, audit committee competence, and auditor quality. This study used purposive sampling method with the population of manufacturing companies in Indonesia. The sample used in this study was 92 manufacturing companies listed in Indonesia Stock Exchange (IDX) for the period of 2010-2012. The data of this study were financial statement of the manufacturing companies which were collected from the Indonesia Stock Exchange official website. The hypotheses were tested using hierarchical regression analysis. The results showed that the audit committee independence and the audit committee activity negatively affect the timeliness of financial reporting while these results do not support the agency theory. However, another variable examined in this study, namely competence of the audit committee, is not proven to affect the timeliness of the financial reporting. Similarly, the finding of the moderating variable reveals that the auditor quality strengthens the relationship between audit committee independence and financial report timeliness, and audit committee activity and financial report timeliness. On the other hand, auditor quality does not strengthen the correlation between audit committee competence and timeliness of financial reporting.
THE INTERNAL CONTROL PRACTICE OF JUMHOURIA AND SAHARA BANKS IN LIBYA..... M. Tekala, Osama Mohamed; Iriantoand, Gugus; Widya, Yeney
The International Journal of Accounting and Business Society Vol 24, No 1 (2016)
Publisher : Accounting Department,

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (169.677 KB) | DOI: 10.21776/ub.ijabs.2016.024.1.02

Abstract

The rapid change on economic environment highly requires organizations to control the risks related to the financial and operative purposes. Furthermore, monitoring is also crucial for the management and the board of directors in providing them significant information related to the performance and the effectiveness of internal control systems. Internal audit as a part of internal control system has helped organizations manage and mitigate the risk as well as understanding the position where their risks are. In the effort of achieving the objective, COSO framework gives a concrete alternative for organizations to mitigate the risks related to the validity of financial reporting. This study is aimed at understanding the internal control implemented in Jumhouria and Sahara banks in Libya according to the top managements’ perspectives based on COSO framework. This study is qualitative descriptive research. Data was collected through questionnaire that was distributed by E-mail. Furthermore, an interview was also done to gain deep information done by e-mail as well. The findings of this study revealed that control environment has not been well implemented by the Jumhouria and Sahara banks although the integrity and ethical value are communicated effectively throughout the organization. However, there is no consistency between the works done by the management of operating units with the senior management. Furthermore, it is believed that COSO Framework brings some benefits for the banks although the implementation of its components has not been recognized. A good internal control is important, because it may give the bank an idea of how it is performing.
CORPORATE GOVERNANCE AND INTERNET FINANCIAL REPORTING IN INDONESIA (An Empirical Study on Indonesian Manufacturing Companies) hezadeen, Abeir H.; Djamhuri, Ali; Widya, Yeney
The International Journal of Accounting and Business Society Vol 24, No 2 (2016): The International Journal of Accounting and Business Society
Publisher : Accounting Department,

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (230.145 KB) | DOI: 10.21776/ub.ijabs.2016.024.2.03

Abstract

This study aims to investigate the effects of the corporate governance and ownership structure on the internet financial reporting in manufacturing companies in Indonesia. The variables used are internet financial reporting, board of director competence, board of director size, board of director meeting, audit committee independence, audit committee competence, audit committee size, audit committee activity, ownership concentration on Top 5 shareholder and number of shareholders. The results showed that board of director competency, board of director meeting, and audit committee competence have a positive effect on internet financial reporting. The results support institutional theory. However, board of director size shows affects negatively on internet financial reporting. On the other hand, other five (5) variables examined in this study namely audit committee independence, audit committee size, audit committee activity, ownership concentration on top 5 shareholders, and number of shareholders are not proven to affect the internet financial reporting. While the results of audit committee activity and ownership concentration on top 5 shareholders analysis support institutional theory, the results of audit committee independence, audit committee size, and number of shareholders do not support institutional theory.