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CEO characteristics and audit report timeliness: do CEO tenure and financial expertise matter?

Author

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  • Saeed Rabea Baatwah
  • Zalailah Salleh
  • Norsiah Ahmad

Abstract

Purpose - – This paper aims to hypothesise that demographic characteristics of managers play a significant role in performing their duties amongst which is financial reporting. This study aims to examine whether CEO characteristics, namely, tenure and financial expertise, are associated with audit report timeliness. Design/methodology/approach - – Data from companies listed on the Oman capital market between 2007 and 2011 and three proxies for audit report timeliness are used. Findings - – CEO tenure and CEOs with financial expertise are reported to be associated with timely audit reports. Supplementary tests also confirmed this result. In addition, it is suggested and documented that there is an interaction effect between CEO tenure and financial expertise concerning the timeliness of audit reports. The use of a two-stage least square analysis also supported the main results. Research limitations/implications - – Hypotheses were tested using data from Oman with a relatively small sample size. Therefore, only a few characteristics of the CEO were considered and a more sophisticated approach of testing managers’ effect on company policies was unable to be used. In addition, the generalisability of the study findings should be made carefully. Originality/value - – This paper differs from prior studies, in that it extends the audit report timeliness literature by examining whether the CEO tenure and CEOs with financial expertise are associated with audit report timeliness. Findings demonstrate that CEO characteristics are important factors for a timely audit report.

Suggested Citation

  • Saeed Rabea Baatwah & Zalailah Salleh & Norsiah Ahmad, 2015. "CEO characteristics and audit report timeliness: do CEO tenure and financial expertise matter?," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 30(8/9), pages 998-1022, October.
    • Handle: RePEc:eme:majpps:maj-09-2014-1097
    DOI: 10.1108/MAJ-09-2014-1097
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    Citations

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    Cited by:

    1. Beylem Çelik & Gökhan Özer & Abdullah Kürşat Merter, 2023. "The Effect of Ownership Structure on Financial Reporting Timeliness: An Implementation on Borsa Istanbul," SAGE Open, , vol. 13(4), pages 21582440231, November.
    2. Shahab, Yasir & Tianzi, Wang & Hussain, Tanveer & Kumar, Satish, 2023. "Foreign experience and audit report lag," Finance Research Letters, Elsevier, vol. 57(C).

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