Wan Adibah Wan Ismail

Universiti Teknologi MARA | UiTM · Faculty of Accountancy

Purpose – This study aims to investigate the differences in earnings quality of Malaysian companies after the adoption of IFRS-based accounting standards named FRS. Design/methodology/approach – It is hypothesize that under the new set of accounting standards, the quality of earnings reported by these companies is relatively higher. Specifically,...

We examine the level of earnings conservatism in government-linked companies, where significant ownership and control lies in the hands of federal or state government. We assess conservative practice using the asymmetric timeliness of earnings model introduced by Basu (1997). The sample in this study includes 234 government-linked companies and 112...

This study documents new evidence on the relationship between firms financial reporting behavior and engagement in corporate fraud. Using a matched sample of 184 companies over an eight-year period from 2003 to 2010, we empirically examine whether firms that practice aggressive financial reporting are more likely to be involved in corporate fraud....

Purpose – The purpose of this study is to examine the quality of reported earnings in the corporate reports of Shariah-compliant companies listed on Bursa Malaysia. Design/methodology/approach – This study hypothesises that companies with Shariah compliance status have higher quality of earnings because of greater demand for and supply of high-qua...

The purpose of this study is to examine whether ownership structure, i.e. family firms, influences firms’ audit risks, and whether the presence of a high proportion of financial experts on the audit committee of family firms would reduce the perceived inherent risk of auditors. In this study, the sample consists of balance panel data of 2,165 firm-...

Purpose This paper examines whether financial distress is associated with tax avoidance and whether the COVID-19 pandemic moderates such association. Design/methodology/approach The sample covers 38,958 firm-year observations from 32 countries during the period 2015–2020. Financial distress is measured using the ZSCORE by Altman (1968), while tax...

Purpose This paper investigates whether board gender diversity and the strength of auditing and reporting standards are associated with analysts' forecast accuracy and whether the strength of auditing and reporting standards moderates the association between board gender diversity and analysts' forecast accuracy. Design/methodology/approach The sa...

Purpose This study aims to examine the relationship between CEO busyness and financial reporting quality in a country which implements a two-tier board system. Design/methodology/approach This study includes firms listed on the Indonesian Stock Exchange during the 2010–2018 period. This study employs an ordinary least squares regression, the prope...

Purpose-This study examined the effect of different types of politically connected (PCON) Malaysian firms on analysts' forecast accuracy and dispersion. Design/methodology/approach-The study identified different types of PCON firms according to Wong and Hooy's (2018) classification, which divided political connections into government-linked compani...

Secara umum pengabdian ini bertujuan untuk memberikan edukasi kepada masyarakat agar bisa menerapkan PHBS dengan baik dan benar, sebagai salah satu upaya menjaga akselerasi perubahan perilaku kesehatan yang terjadi akibat pandemi COVID-19. Secara khusus tujuan yang ingin dicapai adalah: Meningkatnya partisipasi masyarakat dan kesadaran serta kepatu...

This paper investigates whether gender diversity in the boardroom is associated with corporate cash holdings and whether investor protection moderates the effect of corporate board gender diversity on corporate cash holdings. Using 20,750 firm-year observations from 33 countries, our analyses show that firms with high levels of corporate board gend...

This research investigates whether auditor competition is associated with low audit fees and whether a country's implementation of mandatory audit firm rotation requirements as well as strong auditing and reporting standards weaken the negative effect of auditor competition on audit fees. Using 41,811 firm‐year observations from 10 emerging markets...

Purpose– This paper investigates the effect of auditor switching and lowballing on conditional conservatism, particularly how different types of auditor switching – namely upward, downward, and lateral switching to/from Big 4 and industry specialists – affect earnings quality in the following selected Asian countries: Indonesia, Malaysia, the Phili...

Purpose This study aims to investigate whether board gender diversity is associated with corporate sustainability performance and whether industry-level product market competition moderates the effect of board gender diversity on corporate sustainability performance. Design/methodology/approach This study uses international data extracted from glo...

This study examines the relationship between financial distress and environmental, social, and governance (ESG) disclosure. We hypothesize that financially distressed firms are tempted to enhance ESG disclosure as it provides higher performance in terms of financial and market perspectives. ESG disclosure needs substantial resources, which financia...

Purpose This study aims to investigate whether auditor tenure has a significant influence on accounting quality and whether investor protection moderates the effect of auditor tenure on accounting quality. Design/methodology/approach This study uses weighted least squares regression on a sample of 77,855 firm-year observations from 36 countries du...

Purpose This study examined the effect of different types of politically connected (PCON) Malaysian firms on analysts' forecast accuracy and dispersion. Design/methodology/approach The study identified different types of PCON firms according to Wong and Hooy's (2018) classification, which divided political connections into government-linked compan...

This study examines the quality of financial reporting during the period following the corporate governance reforms in Malaysia, as motivated by the importance of investors’ needs for high-quality financial reporting. Using the asymmetric timeliness of the earnings model, we analysed the sample of 6,819 firm-year observations of Malaysian listed co...

Purpose This paper aims to investigate the joint effect of product market competition (PMC) and institutional environment on accrual quality. Design/methodology/approach The sample covers a large data set of 52,138 firm-year observations from 35 countries over the period of 2011-2015. Using the weighted least square regression, the study estimates...

This paper analyzes the development of corporate governance in Malaysian government-linked companies. Using a sample of 404 firm-year observations, this study found that corporate governance of these companies improves after the establishment of the Putrajaya Committee on GLC High Performance (PCG) in the year 2006. Specifically, board governance i...

This paper investigates the relationship between corporate governance qualities and the purchase of non-audit services among Malaysian Listed Companies. The sample consists of 709 companies listed on Bursa Malaysia during the year 2014. The study posits that CEO duality, board independence, audit comitte independence, big 4 auditors, the audit comm...

The paper examines which income smoothing perspective (deceptive or informative) is more prevalent by focusing at four audit committee attributes namely audit committee size, the number of audit committee meeting, the proportion of non-executive, and the proportion of independent audit committee members. Using a sample comprises 604 public listed f...

This study examines the association between corporate governance (i.e., CEO–Chairman duality, audit committee size, audit committee independence, and audit committee meeting) and financial reporting timeliness. This research further investigates whether auditor industry specialization reduces/enhances the association between corporate governance an...

This research investigates whether the board member diversity: gender, ethnic, and roles diversity, are associated with the likelihood of financial statement fraud. The sample of this study includes all fraud firms which has been disclosed by the Securities Commission Malaysia matched with an equal number of non-fraud firm. A total of 124 firms are...

This paper investigates the relationship between corporate governance qualities and the purchase of non-audit services among Malaysian Listed Companies. The sample consists of 709 companies listed on Bursa Malaysia during the year 2014. The study posits that CEO duality, board independence, audit comittee independence, big 4 auditors, the audit com...

This study examines whether former Andersen clients report more conservative earnings compared to other Big4 clients in the immediate year after an audit switch. In this study, we hypothesize that successor auditors would demand for more conservative reporting as they perceived former Anderson clients has unique audit and litigation risks. We measu...

This paper reviews prior studies that provide an understanding of earnings quality concepts. It presents various definitions of earnings quality and discusses proxies used in empirical literature to measure earnings quality. Prior studies measure earnings quality by using time-series properties of earnings including earnings persistence, predictabi...

This study aims to examine the relationship between audit committee attributes (audit committee independence, financial expertise, meeting frequency, gender diversity, and ethnic composition) and the propensity for fraudulent financial reporting. The sample includes 116 fraudulent and non-fraudulent firms listed on Bursa Malaysia from 2005 to 2010....

This study examines whether former Andersen clients report more conservative earnings compared to other Big4 clients in the immediate year after an audit switch. In this study, we hypothesize that successor auditors would demand for more conservative reporting as they perceived former Anderson clients has unique audit and litigation risks. We measu...

This study aims to provide recent evidence on factors influencing directors’ remuneration in Malaysia. Using a large number of sample, 2,535 firm-year observation, from year 2009 to 2011, this study examines whether firm-specific characteristics such as the firm size, profitability, leverage and growth influence the total remunerations paid to the...

This study investigates intellectual capital (IC) disclosure in Malaysian public listed companies. Specifically, this research examines the relationship between IC disclosure and companies' profitability, productivity, and firm size. We measure the IC disclosure using the IC disclosure index and I C disclosure frequency. The sample includes 255 fir...

This study aims to investigate: (1) the relationship between audit commitee independence and earnings quality, and (2) the influence of CEO duality on this relationship. We posit that an independent audit committee is more effective in monitoring the quality of financial statements, hence independence is related to higher earnings quality. We also...

This paper investigates the level of earnings conservatism during the first year of auditor change. We hypothesize that newly-appointed auditors demand more conservative accounting compared to established auditors due to lack of specific knowledge about the new client and higher litigation risks. We measure earnings conservatism based on the asymme...

The purpose of this study is to examine whether ownership structure, i.e. family firms, influences firms' audit risks, and whether the presence of a high proportion of financial experts on the audit committee of family firms would reduce the perceived inherent risk of auditors. In this study, the sample consists of balance panel data of 2,165 firm-...

Dependence on manipulated or managed reported earnings will result in misappropriation of assets and lead to poor investing and financing decisions. Consequent on the importance of reported earnings as a primary source of information, this study examines the quality of reported earnings in the corporate reports of Shariah compliance companies liste...

This paper examines the effect of audit committee effectiveness on the relationship between non-audit services (NAS) and the quality of earnings. We hypothesize that audit committee effectiveness will mitigate the adverse effects of the provision of NAS on the quality of reported earnings. This study uses a sample of 455 firms listed on Bursa Malay...

This study investigates the differences in earnings quality of Malaysian companies after the adoption of IFRS-based accounting standards named FRS. We hypothesize that under the new set of accounting standards, the quality of earnings reported by these companies is relatively higher. We measure earnings quality using two different proxies; the abso...

This paper investigates the association between corporate governance mechanisms and earnings quality after the implementation of Anglo-Saxon based corporate governance code in Malaysia. Using 1625 firm-years observations during the period 2003-2007, we test whether corporate governance variables are significant in determining earnings quality. We r...

This paper investigates the relationship of revaluation surplus and stock wealth as well as the determinants of revaluation practices in Malaysia. The sample comprises 100 companies listed on Kuala Lumpur Stock Exchange during the period 1998-2001. Results from ordinary least square regression (OLS) support the alternate hypothesis where revaluatio...

This paper presents the findings of a comparative study of income smoothing practices in Malaysia, Indonesia, Singapore, Philippines and Thailand. The objective of this study is to identify the factors associated with the incidence of income smoothing in these countries. The sample comprises 1,028 listed companies during the period 1999 to 2003. Fi...

This paper investigates the changes in value relevance of accounting number due to terrorist attacks and wars. Four events that is September 11 attack, Bali bombing, war against Iraq and war against Afghanistan are used to detect any changes in value relevance of accounting information in 318 Malaysian listed companies. The earning valuation model...

This paper investigates the determinants of audit fees in Malaysia. The sample comprises of 100 companies listed in the Kuala Lumpur Stock Exchange during the period 1994-2001. Descriptive statistics indicate that the audit fees increased gradually from 1994 to 2001. This research tests five variables that are year-end, size of the auditee, profita...

This paper examines the relationship between income smoothing practices and firms value in Malaysia. This research also studies the effect of firms size on the tendency to smooth income. The sample comprises 200 companies listed in the Kuala Lumpur Stock Exchange during period 1993-1999. The coefficient of variation method introduced by Eckel (1981...

This paper investigates the determinants of corporate borrowing in Malaysia. The data set is composed financial statement data and information on market structure for 100 firms from 1994 to 1999. Six determinants, relating to collateral assets, firms size, financial health, growth, profitability and signaling were tested in this study. Analysis of...

The purpose of this research is to examine the impact of cash flows, earnings and losses in setting the dividend policy in Malaysia, Singapore, Indonesia, Thailand and the Philippines. A total of 1131 companies from the years 2001-2003 were tested in this research. The research found that about 38 percent of the sample reported losses reduced or om...

This paper investigates the roles of accounting numbers in predicting financial failures in Malaysia. The issues of value relevant of accounting numbers for healthy and distressed companies are addressed in this study. Thirty-six PN4 companies and 72 healthy companies listed on the Kuala Lumpur Stock Exchange during the period 1994-2001 were used a...

The purpose of this research is to examine the impact of cash flows and earnings in setting the dividend policy in Malaysia, Singapore, Indonesia, Thailand and the Philipines. A total of 1131 companies from the years 2001-2003 were tested in this research. The research found that about 38 percent of the sample reported either losses reduced or omit...

This paper examines issues related to the reporting of extraordinary items in the financial statements of Malaysian companies. The first issue concerns the change of accounting standards on extraordinary items, which has limited the scope of extraordinary items. It is found that there are significant changes on the incidence of reported extraordina...

This paper investigates twenty financial ratios to develop a local financial failures prediction model. The study covers the period of 1993-2001. We used mean and comparison of difference to the data set of five years before the failures to identify the most superlative ratios. From these ratios, we developed two prediction models by using a logist...