Audit Committee Characteristics and Financial Reporting Quality “Evidence from GCC Countries”

This research aims to find out whether the level of education and work experience influences the quality of BUMDes financial reports in Siulak District. This research aims to find out whether the level of education and work experience influences the quality of BUMDes financial reports in Siulak District. In this research, the data collection techniques and tools used are quantitative data analysis techniques, and the analysis method used is the multiple linear regression analysis method. The results of this research partially show that the level of education has a positive and significant effect on the quality of financial reports, and work experience has a positive and significant effect on the quality of financial reports. Based on simultaneous test results, the level of education and work experience have a significant effect on the quality of financial reports.

The purpose of this study was to empirically examine the effect of competence of HR, information technology and internal control systems on the quality of SKPD financial reports. Respondents in this study were 54 people consisting of officials from the head of the finance sub section and staff who were directly involved in the preparation of financial reports at SKPD in Metro City. Based on the analysis results obtained from 54 samples regarding the influence of HR competence, information technology and internal control systems on the quality of financial reports, it can be concluded that the F test results indicate that all three have an effect on the quality of financial reports. This can be seen from the table of F test results with the calculation that 30,004 > Ftabel 2,79. And the Sig value is 0,000 < 0,05 and. Human resource competencies, information technology and internal control systems have a positive and significant impact on the quality of financial reports. The results of a simple regression test that were processed using the SPSS version 16.0 program obtained an equation, namely: Y = 13,675 + 0,411 X1 + 0,317 X2. + 0,226 X3 + et. From these equations, it can be seen that the three variables (X1, X2, X3) studied have a positive affect the variable quality of financial statements (Y). From this analysis it can be concluded that the competence of human resources, information technology and internal control systems have a direct effect on the quality of SKPD's financial reports.
 

The purpose of this study is to investigate the impact of internal control system weaknesses and audit quality on the quality of financial reports in district and city governments in Indonesia, using Good Government Governance as a moderating variable. The Partial Least Squares-SmartPLS analytic approach is used in this study, which includes data from 2,155 observations from 508 district and municipal administrations in Indonesia since the implementation of the accrual-based accounting system from 2015 to 2019. The findings of this study show that (1) internal control system weaknesses have a positive and significant effect on the quality of local government financial reports; (2) audit quality has a positive and significant effect on the quality of local government financial reports; (3) good government governance can weaken the relationship between internal control system weaknesses and the quality of local government financial reports; and (4) good government governance can weaken the relationship between internal control system weaknesses and the quality of local government financial reports. This study sheds new light on the relationship between internal control system weaknesses and the quality of public sector audits since the adoption of the accrual-based accounting system, as well as the quality of local government financial reports, with Good Government Governance acting as a moderator.

The purpose of this study is to examine the effects of human resource competency, business size, and duration of operation on the caliber of financial reports produced by MSMEs in Jambi City that are based on the creative economy. The primary data used in this study was gathered by means of measurement techniques and questionnaire distribution. The Likert scale method is applied. Jambi City served as the site of this investigation. The participants in this study were all small business actors who were registered with the Jambi City Department of Manpower, Cooperatives, and SMEs, particularly in the Kota Baru District of Jambi City, where 776 MSMEs were registered as small business actors. Purposive sampling was used to pick the sample, which consisted of 100 MSME actors in total. This study employed a quantitative approach using data analysis tools from Multiple Liner Regression. With the aid of SPSS version 26.0 for Windows, data analysis procedures include multiple line regression analysis, t test, coefficient of determination (R2) test, data quality testing, and classical assumption testing. The quality of financial reports is affected by the length of the business; instead, the quality of financial reports is influenced by the business's scale; and finally, the quality of financial reports is influenced by human resource competency. These findings stem from the outcomes of hypothesis testing. The length of the business, the size of the business, and the competency of the human resources all have a major impact on the quality of the creative-based MSME financial reports in Jambi City.

This study explores the factors influencing effectiveness of audit committee that improve quality of financial reporting and eventually enhance good cooperative governance. The target population was the duly registered cooperatives in Ifugao province in Northern Luzon, Philippines. The findings from both correlation and regression analysis revealed that audit committee independence, audit committee financial competence and audit committee meetings had statistically significant relationship with the quality of financial reporting. From the findings, the study concluded that members of audit committee of cooperatives must have high level of independence, financially competent and hold quality meetings to enhance the quality of their financial reporting. The current study may have provided some useful insights into the importance of audit committee effectiveness towards quality of financial reporting in the context of cooperatives in Ifugao, Philippines but there are some limitations. Firstly, the generalization of the results focused on cooperatives in Ifugao province. Hence, expanding the reach for cooperatives or other organizations will also enhance and provide a comprehensive data. Secondly, the data was confined to only a few variables. Thus, it would be interesting to incorporate audit committee honorarium, audit committee transparency and cultural influence as other variables for future studies on audit committee attributes and quality of financial reporting. Keywords: Audit Committee Effectiveness, Cooperatives, Good Governance and Quality of Financial Reporting.

This study was carried out to examine six characteristics representing the board of directors (size, independence, meetings, tenure, gender and expertise) of board of directors and their impact on quality of financial reports. A correlational research design was used to examine influence of board quality of financial reports using 12 listed deposit money banks. Finding suggests board shows enormous influence on quality of financial reports. Specific findings show that financial reporting quality will be higher if the size of the board of directors is increased. However, board tenure and expertise cause leads to poor financial reporting quality. In addition, we do not find evidence that board independence, meetings and gender improve quality of financial report. Among other recommendations, the study suggest that the number of board members should be increased since evidence has shown that it enhances financial reporting quality, while the tenure of board members should be reduced since it decreases financial reporting quality.

This study aims to explain the effect of Board of Directors Narcissism on Financial Reporting Quality; the effect of the Board of Directors Bonus Scheme on the Quality of Financial Reporting; and The Effect of CEO Duality on Financial Reporting Quality. This research method is quantitative causal type which is asymmetric. The research locations are all state-owned companies listed on the Indonesia Stock Exchange for the 2017-2020 period. The technique of collecting data is through surveys on secondary data on the IDX official website (www.idx.co.id). The data analysis technique is linear regression of panel data with the help of Eviews 9.0 software. The results showed that the Narcissism of the Board of Directors had a negative and significant effect on the Quality of Financial Reporting; The Board of Directors Bonus Scheme has a positive and insignificant effect on the Quality of Financial Reporting; and CEO Duality has a negative and insignificant effect on the Quality of Financial Reporting. The results of this study as input for the company are that the Narcissism of the Board of Directors, and Dualism of the CEO are not good for the company, so they must be prevented or minimized.

This research aims to determine the influence of regional financial management, regional financial accounting systems, and human resource competence on the quality of regional government financial reports in TTU Regency, partially or simultaneously. This research uses a quantitative research approach. This research uses primary data. The sampling technique in this research was purposive sampling with respondents consisting of 36 respondents who were at the Regional Financial and Asset Agency in TTU Regency. Where data is collected through questionnaires distributed, and the analysis is based on respondents' answers obtained through questionnaires distributed by researchers. The data analysis technique uses multiple linear regression analysis with the help of the SPSS 25 program. The results of this study state that regional financial management does not have a significant effect on the quality of financial reports, while the regional financial accounting system and human resource competency have a significant effect on the quality of regional government financial reports, and of the three regional financial management variables, the regional financial accounting system and human resource competency together have a significant effect on the quality of regional government financial reports.

This paper examines the relationship between corporate governance, financial reporting quality, and investment efficiency using data from 207 non-financial firms listed on the Pakistan Stock Exchange (PSX) for a period of 9 years from 2008 to 2016. Since the Pakistan Corporate Governance Code was revised in 2012, therefore consistent with previous studies, the effect of the promulgation of the new corporate governance code on financial reporting quality is also analyzed. Thus, using the GMM model, the results of the study show that the Corporate Governance Code 2012 improves the quality of financial reporting. Owners of family firms confiscate the wealth of minority shareholders by deteriorating the quality of financial reports. Independent directors of the board and independent directors of the audit committee effectively monitor the financial reporting process. Family ownership, board independence and audit committee independence interact with the code in affecting financial reporting quality and substitute or complement each other. Inefficient investments decrease financial reporting quality. Furthermore, the new governance code has an incremental effect on the relationship between investment inefficiency and financial reporting quality.

<p class="Abstract"><strong>Abstract</strong></p>Audit Committee and Sharia Supervisory Board are the parts of the organization which help to manage the financial reports of BPRS with high quality. The aim of this research is to find out the influences of the Audit Committee’s and Sharia Supervisory Board’s role toward the quality of financial reports especially in BPRS of east java. This study applies a quantitative approach, focused on the associative type. Moreover, the sample is taken by using a purposive sampling method. The objects are 15 institutions of BPRS in east java which are registered in OJK and BI, each BPRS is given a questionnaire and it was returned around 38 questionnaires. After the data was collected, it was directly processed and analyzed by using a statistical application that is SPSS 16. The variable of the research involves 7 indicators of Audit Committee responsibilities, 9 indicators of DPS supervision activities, and 9 indicators of financial report quality. Consequently, the research result provides that according to a partial test, there is a good effect between the roles of the audit committee towards the quality of financial reports. Based on a partial test, there is a bad effect between DPSs’ roles towards the quality of financial reports. According to the simultaneous test, Audit Committee together with DPS influence the quality of financial reports

This study aimed to analyze the effect of the effectiveness of the audit committee in terms of expertise, charter, total of audit committees, total of audit committee meetings which are expected to have an influence on the quality of financial reports. This research was conducted through quantitative methods using secondary data. Secondary data consisted of data on the date of issuance of the company's financial reports on the IDX website and annual reports of companies that had been listed on the IDX in 2018. The research population was all manufacturing companies listed on the IDX. The sample selection procedure used purposive sampling method with a total sample size of 96 companies and the analysis technique used was multiple regression. The results proved that the expertise of the audit committee, the audit committee charter, the total of audit committees and the audit committee meetings had a significant effect on the quality of financial reports.

This study aims to examine the impact of human resources (HR) competencies, the utilization of information technology (IT), and employee training on the quality of financial reports at PT Pupuk Indonesia Holding Company. High-quality financial reports are crucial for decision-making within the company, and accurate and reliable reports are necessary for overall company performance. Therefore, this research focuses on assessing how these factors influence the quality of financial reporting within the company. The study adopts a quantitative approach with data collection through surveys. A questionnaire was distributed to 37 accounting staff members at PT Pupuk Indonesia Holding Company to gather data on HR competencies, IT utilization, employee training, and the quality of financial reports produced. Data analysis was performed using linear regression to test the relationships between the variables. The analysis results show that HR competencies and IT utilization have a positive and significant impact on the quality of financial reports. This indicates that improving employee skills and knowledge, along with optimizing the use of information technology systems, can enhance the quality of the financial reports generated by the company. On the other hand, employee training did not have a significant effect on the quality of financial reports. This may be due to the lack of relevance between the training material provided and the practical needs of daily work. These findings highlight the importance of focusing on improving employees' competencies in accounting and better utilization of IT systems to produce more accurate and efficient financial reports. The company should consider developing more advanced information systems and providing training that is more relevant to the needs of the job in order to improve the quality of the financial reports produced.

The research includes a focused study of the impact of implementing integrated reporting standards and corporate governance on the quality of financial and non-financial reports in economic units listed on the Iraq Stock Exchange. The research focuses on a fundamental hypothesis: optimal implementation of integrated reporting standards and the consolidation of good governance practices will substantially improve reporting quality and enhance the transparency of information available to investors and stakeholders. The research is based on a multidimensional analytical methodology combining focused theoretical and precise quantitative analysis. Advanced statistical analysis tools examine the relationship between integrated reporting, corporate governance, and reporting quality. The research also aims to provide a tangible scientific contribution that closes an existing research gap. A questionnaire was prepared to achieve the research objective, consisting of four axes and five paragraphs for each axis. The first includes measuring integrated reporting standards, the second includes measuring corporate governance, the third includes measuring the quality of financial and non-financial reports, and the fourth includes measuring the relationship between integrated reporting standards, corporate governance, and the quality of reports in general. One hundred fifty questionnaires were distributed to auditors, accountants, financial analysts, and investors. In companies, a descriptive approach was used to analyse the data. Additionally, simple linear regression was used to validate the questionnaire. The research results revealed a significant correlation and influence between implementing integrated reporting standards, the governance of economic units, and the quality of reports. Furthermore, the research showed that economic units committed to implementing integrated reporting standards and adopting good governance practices are characterised by more accurate, comprehensive, and transparent reports.

The main content in quality development is the implementation of good governance. A reflection of good government implementation can be measured from the level of Public Accountability and Its Financial Statements, because both are indicators to see if a region has run good governance or not. In its context as an organization engaged in public service services, the government in its management must conduct transparency and public accountability. Public accountability in accordance with the characteristics of good governance with respect to (1) participation; (2) rule of low; (3) transparency; (4) responsiveness; (5) consensus orietation; (6) equity; (7) effectiveness and efficiency; and (8) strategy vision (Mardiasmo, 2006). This research aims to analyze the impact of good governance, Human Resources Competency (HR), Implementation of Government Accounting Standards (GAS), Implementation of Government Internal Control System (GICS) and Utilization of Regional Financial Management Information System (FMIS) on Public Accountability and Quality of Financial Report. The study used primary data and secondary data. Primary data is obtained from questionnaires distributed directly to respondents using Purposive Sampling techniques. The population in this study was the Regional Device Task Force (RDTF)/Regional Device Organization (RDO) in jambi city government, with 37 RDTF/RDO and 70 respondents. While the analysis tools used in the study are approaching the Partial Least Squares (PLS) method by negating the assumptions of OLS (Ordinary Least Squares) regression. The results showed that the implementation of good governance, Human Resources Competency (HRC), Application of Government Accounting Standards (GAS) had a positive effect on the quality of Jambi city government financial report. While the implementation of the Government Internal Control System (GICS) and the Utilization of Regional Financial Management Information System (RFMIS) partially did not have a positive effect on the quality of jambi city government financial report. Furthermore, the implementation of good governance, the Implementation of Government Accounting Standards (GAS), the Implementation of Government Internal Control System (GICS) have a positive and significant effect on Public Accountability. While the utilization of regional financial management information system (RFMIS) has not had a positive effect on public accountability.

Financial institutions play a major role in encouraging the economic development of a region, a government encouragement regarding village development, namely through the establishment of village financial institutions called LPD. Gianyar Regency is an area that prioritizes economics with a people's basis. However, the effectiveness of providing LPD credit to these areas is still considered weak, causing problems such as bad credit. The formulation and aim of this research is to be able to see whether the use of information technology, human resource capabilities, and understanding of accounting standards influence the quality of LPD financial reports in Gianyar district. The population and sample were 40 samples using the Quota sampling technique. The data analysis technique applied is multiple linear regression. In accordance with the existing findings, all variables have a positive influence on the quality of LPD financial reports in Gianyar Regency. The coefficient of determination test explains that the variables of human resource competence, use of information technology and understanding of accounting standards on the quality of financial reports are 62.6%, and the remaining 37.4% are influenced by external factors