Independence and Financial Knowledge on Audit Committee with Non-compliance of Financial Disclosure: A Study of Listed Companies Issued with Public Reprimand in Malaysia

Independence and Financial Knowledge on Audit Committee with Non-compliance of Financial Disclosure: A Study of Listed Companies Issued with Public Reprimand in Malaysia

This paper aims to describe the public reprimand issued by Bursa Malaysia to PLCs pertaining to financial related information. It was found that public reprimand were sanctioned for non-compliance of the requirements related to continuing disclosure with amounted to 145 breaches for year 2009 until...

Full description

Bibliographic Details
Main Authors: Hamid, KCA (Author), Othman, S (Author), Rahim, MA (Author)
Format: Article
Language:English
Published: 2015
Subjects:
Audit committee
CORPORATE GOVERNANCE
EXPERTISE
financial disclosure
financial knowlegde
IMPACT
Malaysia
MANAGEMENT
public reprimand
Online Access:View Fulltext in Publisher
Description
Summary:This paper aims to describe the public reprimand issued by Bursa Malaysia to PLCs pertaining to financial related information. It was found that public reprimand were sanctioned for non-compliance of the requirements related to continuing disclosure with amounted to 145 breaches for year 2009 until 2013. It was also discovered that most of the companies sanctioned for public reprimand had complied with the minimum requirements for the independence and financial knowledge on audit committee. This study is a cross-sectional content analysis and consists of firms that had been reprimanded by Bursa Malaysia for non-compliance with the listing requirements. (C) 2015 The Authors. Published by Elsevier Ltd.
DOI:10.1016/j.sbspro.2015.01.429

Similar Items