Mohd Mohid Rahmat

• PhD in Accounting
• Senior Lecturer at Universiti Kebangsaan Malaysia, the National University of Malaysia

We examine the relationship between board of directors' good governance characteristics and going concern problems of 56 companies listed on Bursa Malaysia in 2004 with going concern problems and 56 companies without going concern problems. Characteristics of corporate governance included in this study are composition of independent directors, CEO...

This study examines audit fee premiums from brand name, industry specialization, and industry leadership after the merger of two Big 6 audit firms, creating the Big 5 in 1998 in the Malaysian audit market. A sample of 679 companies listed at the main and second boards of Kuala Lumpur Stock Exchange (KLSE) are investigated for audit fee premiums. In...

This study examines client satisfaction over audit services as perceived by the company management and its relationships with audit quality attributes. Comparisons of audit client satisfaction are made between Big 4 and non-Big 4 firms on the audit of Bursa Malaysia listed companies. The study employs the Behn et al. (1997) research instrument cons...

After the Big 6 merger exercise in 1998, PriceWaterhouseCoopers (PWC) has become the industry market leader that provides high quality audit services. Consequently, it has acquired a greater capacity to develop expertise and provide better quality audit services. It is expected that PWC charges fee premiums in return on investment for the capacity...

This study investigates the relationship between controlling shareholders (CS), auditor-client relationships (ACRs), and related party transactions (RPTs) in Malaysia, a country characterized by concentrated ownership structures and family-controlled firms. The research aims to explore how specific levels of CS ownership (23% and 33%) influence RPT...

The frequency of prominent corruption and fund misappropriation cases in Malaysia have led to substantial economic losses, estimated at RM277 billion from 2019 to 2023. The problems, together with Malaysia’s low position on the Corruption Perceptions Index, underscore inadequacies in internal controls and the quality of internal audits. Internal co...

The readability of KAM has been a major concern for academics; given the increasing complexity of financial reporting, the language used to explain KAM may be challenging to articulate effectively. Thus, this study was motivated to offer empirical insights into the heterogeneous effect of audit firm characteristics on KAM readability. Using the Fle...

Despite the extensive research on the board of directors and its oversight role, the evidence on why board members behave in certain ways is inconclusive due to the limited literature on the socio-behavioral aspects. Identity theory and social identity theory assume that directors identify with multiple identities and social groups, and that the co...

Purpose This study aims to examine the present condition of blockchain technology (BT) applications in auditing by analyzing journal publications on the topic to acquire a better understanding of the field. Design/methodology/approach This study makes use of the Bibliometric Analysis method and gathered 725 papers from the Web of Science and Scopu...

Purpose This study aims to examine the ability of independent directors to discipline related-party transactions (RPTs) among listed companies in Malaysia. Firms typically appoint independent directors individually, not as a group. However, board members are commonly viewed collectively as a group, and evidence of the abilities of individual direct...

Purpose This study aims to examine the relationship between the attributes of audit firms (Big 4, audit fees, busy season, audit firm tenure and audit partner gender) and the impact of these attributes on key audit matters (KAM) readability in Malaysia. Design/methodology/approach The auditor's reports and financial data were analysed from a sampl...

The presence of board members with good governance attributes is value-relevant since it influences investors’ investment decisions. The value relevance is expected to improve with the newly introduced extended audit report to disclose key audit matters (KAMs). KAM disclosure provides information about issues faced by external auditors in the audit...

This study aims to identify and highlight the research development on board capital and develop a quantitative synopsis of critical themes, contributions, and knowledge gaps to guide future researchers. A search string was created to extract data from the Scopus database and fulfill the study objective. The final dataset consisted of 148 articles a...

Key audit matters (KAM) functions to optimise auditors' reporting transparency to emphasise the most pivotal audit matters occurring from auditors' perspectives. Although auditors substantially ascertain the KAM details to be documented in the auditor's report, the extent to which audit firm attributes impact its disclosures in Malaysia remain unad...

The diversity of a board provides good information for decision-making. In addition, having individuals from different backgrounds and having unique knowledge sets, experiences and skills lead to better governance. The objective of this study was to investigate trends of diversity in the boardroom in publicly listed Malaysian companies. The study w...

Purpose The purpose of this study is to examine the role of financial governance practices in influencing both financial management and Islamic work ethic practices to affect Islamic social enterprises (ISEs) accountability. Design/methodology/approach Questionnaires were administered to financial officers of 102 Malaysian ISEs. Data was analysed...

Purpose This study aims to examine the effect of the auditor-client relationship (ACR) on related party transaction (RPT) types of disclosure, either RPT-efficient or RPT-conflict. This study also examines whether family controlling shareholders (FCS) negatively affect the ACR in RPT types of disclosure. Design/methodology/approach This study uses...

Concentrated companies offer various types of shareholding structures either direct, indirect, or pyramidal ownership. The opportunist controlling shareholders may intend to utilize the complex nature of indirect and pyramidal shareholding to engage in related party transactions (RPT) by concealing or hiding their related party identity. We examine...

We examine the relationship between reputable audit quality attributes (international-based brand name and industry expertise) and related party transactions (RPT) disclosure among listed companies in Malaysia. A decrease magnitude of RPT disclosure in recent years may indicate that companies tend not to report RPT appropriately, especially transac...

ABSTRAK Secara umumnya, urus niaga pihak berkaitan (UPB) dapat meningkatkan kecekapan operasi perniagaan firma. Walau bagaimanapun, peningkatan dalam skandal kewangan yang melibatkan UPB menggambarkan bahawa urus niaga ini berpotensi dijadikan alat oleh pihak berkepentingan untuk merampas sumber kekayaan firma. Disebabkan oleh potensi penyalahgunaa...

The enforcement of tax investigation is to collect the actual tax from tax evasion's activities through proof of documents and facing the case in court. Tax Investigation Framework recommends that a tax investigation case to be settled in 18 months if using the account method or 24 months if using the capital method. Nevertheless, previous studies...

This study investigates an auditor’s fraud detection gap (FDG) in Gulf Cooperation Council (GCC) companies by comparing the result of the fraud detection models (namely the Beneish M-score, Dechow F-score, and Altman Z-score) with an actual of audit opinion given by the auditors. Prior scholars documented that, financial models are accurate and imp...

We investigate the effect of related party transactions (RPTs) on value relevance and informativeness of accounting earnings for firms based in East Asia. Using a hand-collected sample of 398 listed companies comprising 1,194 firm-year observations from Hong Kong, Malaysia, Singapore and Thailand, we find that firms engaging more extensively in RPT...

The purpose of this study is to examine the association between having more financial experts in an audit committee and RPT-conflict disclosure among listed firms in Malaysia. This study also examines whether the audit committee's full independent and financial experts' activeness could enhance the financial experts ability to review RPT-conflicts....

Purpose – The purpose of this paper is to examine the effect of related party transactions (RPTs) and types of RPTs (Complex, Simple and Loan) on earnings quality in four East Asian countries: Hong Kong, Malaysia, Singapore and Thailand. Design/methodology/approach – RPTs and types of RPTs are measured using two approaches, magnitude and abnormal...

To date, companies pay more attention to detect fraud in financial reporting and how to generate high quality reports. Previous studies investigated the relationship between auditor experience with the client and fraud detection, unfortunately, royal family influence in explaining the relationship between them was ignored in previous studies. This...

Industry specificity is important to affect board diversity-performance relationship. Prior studies are flawed by assuming that Malaysian industries are homogenous, and industry peculiarities might not be captured by the aggregate results of all firms in the country. The ability of board diversity to boost firms’ performance could be affected by a...

The main objective of the study is to examine the perceptions of employees of banks operating in Saudi Arabia on the effectiveness of fraud prevention. A total of 150 questionnaires are distributed among employees of 12 Saudi banks with a response rate of 53.3 %. These fraud prevention strategies are classified using Cressey's fraud triangle which...

This study examines the association between types (packages) of executive director’s remuneration and conflicting related-party transactions (RPT-conflict) among listed companies in Malaysia. The hypotheses are analyzed using a sample of 539 listed companies in Malaysia over the period 2012-2014 with 1,615 observations. The results show that salary...

HELMY MOHD DAUD, ROSIATI RAMLI, ROMLAH JAFFAR, MOHD MOHID RAHMAT ABSTRAK Siasatan cukai adalah tindakan penguatkuasaan bagi mengutip cukai kebelakangan daripada aktiviti pengelakan dan pelarian cukai. Oleh itu penyelesaian sesuatu kes siasatan cukai amat penting dalam memastikan hasil cukai sebenar yang sepatutnya dikutip. Bagaimanapun, kajian lepa...

An increase in audit queries and recurring audit issues every year show that the public sector auditees are taking a longer time or are reluctant to take action on audit recommendations. This study examines the relationship between attitudes and six reference groups namely auditors, follow-up audit, accountability index, Auditors General's Dashboar...

Past research argued that controlling shareholders can use their power of control to influence their networks via proxy (CSProxy) and multiple-directorship (CSMulti) to engage in related party transactions (RPT). Thus, we examine the associations between CSProxy and CSMulti, and RPTs. Additionally, directors are rewarded with remunerations, and the...

This study examines the association between executive director remuneration, including different types and bases (cash and non-cash) and related-party transactions (RPTs) among listed companies in Malaysia. The hypotheses are tested using a sample of 539 companies over the period 2012-2014 with a total of 1,615 observations. The results show that e...

This study examines the association between controlling shareholders' networks (i.e., controlling shareholders' proxy (CSProxy) and controlling shareholders' multiple-directorships (CSMultiD)) and related-party transactions (RPTs), particularly involving controlling shareholders' interests (RPT-conflict). This study also examines the impact of inte...

The main objective of this study is to examine the influences of committees that are being appointed to manage risk towards voluntary risk management disclosure (VRMD) among non-financial companies in Malaysia. Non-financial companies will usually appoint either Risk Management Committee (RMC) or Audit Committee (AC) to manage their risks. Based on...

We study the association between auditor reappointment (initial relationship stage), including recurring auditor appointment over several consecutive years (close relationship stage) and company engagement in related-party transactions (RPTs) for selected listed companies from Hong Kong, Malaysia, Singapore and Thailand. The results show that audit...

Financial statement frauds ( FSF ) are becoming rampant phenomena in current economic and financial landscapes. One of the ways to curb FSF is to detect them early so that preventive measures can be applied. This study aims to empirically investigate the abilities of two financial-based models namely the Beneish’s M-score and Dechow’s F-score, to d...

Objektif kajian ini adalah untuk menyelidik peranan jawatankuasa yang mengurus risiko dalam mempengaruhi pendedahan maklumat sukarela pengurusan risiko (PMSPR). Jawatankuasa yang mengurus risiko terdiri daripada Jawatankuasa Pengurusan Risiko (JPR) dan Jawatankuasa Audit (JA). Kajian ini menguji secara empirikal hubungan antara kewujudan JPR , saiz...

The objective of this study is to examine the relationships between the effectiveness of internal control system (ICS) and management support with internal audit effectiveness. Furthermore, this study also aims to examine the effect of management support on the relationship between ICS and internal audit effectiveness. Data for the study were gathe...

There is a serious agency problem when a board of directors' remuneration is not linked with performance. Therefore, a remuneration committee's role is to ensure the remuneration follows proper policies and procedures. This study examines the relationship between the board of directors and remuneration as moderated by the remuneration committee. It...

This study investigates the effect of related party (RP) transactions on market valuation of firms in East Asia. Using a hand-collected sample of 423 listed companies comprising 1195 firm-year observations from Hong Kong, Malaysia, Singapore and Thailand over the period 2008-2010, we find that firms engaged in more RP transactions have significantl...

This study investigates the effect of related party (RP) transactions on earnings management and market valuation firms within Asia Pacific region. Using a sample of 423 listed companies from Hong Kong, Malaysia, Singapore and Thailand over the period 2008-2010, we find empirical evidence that firms with higher levels of RP transactions are negativ...

Purpose – The purpose of this paper is to investigate whether there is any difference in the characteristics of an audit committee between financially distressed and non-distressed companies listed on the Bursa Malaysia (formerly known as the Kuala Lumpur Stock Exchange). Financial distress among big companies is a sign of weak corporate governance...

This study investigates the effectiveness of audit committee in terms of the quality reporting. Specifically, the study examines the relationship between quality of reporting of companies listed on the Bursa Malaysia and some elements of corporate governance namely the external audit and the audit committee. Characteristics of audit committee being...

Borderless transactions have resulted in changes to the competitive and technological environments. As a result, accounting profession faces challenges in meeting these changes. Previous studies have indicated that accounting education had failed to develop students’ competencies critically required by market. This paper mainly focuses on competenc...

Purpose – Conflicts between managers and outside auditors may exist in choosing alternative accounting procedures. Since auditors are appointed by the firm, they are subject to dismissal if divergent opinions cannot be resolved. To a lesser extent, financial reports are often negotiated. In order to produce unbiased financial reports, audit committ...

The Malaysian Code of Corporate Governance was introduced to improve the monitoring function of the board of directors, audit committee and the external audit. This study assesses the effectiveness of some board characteristics to monitor management behavior with respect to their incentives to manage earnings. We found discretionary accruals as a p...