Effektivitas Komite Audit, Dewan Komisaris Independen dan Biaya Audit
Abstract
The purpose of this study is to analyze the effect of effectiveness of audit committee and independence board of commissioner on audit fee. This research uses samples of Non-financial companies in Indonesia Stock Exchange (IDX) in 2015-2018. The sampling technique used purposive sampling. The total number of companies used as research samples is 584 companies. Using tools SPSS 20 and testing hypothesis using linear regression. The F test indicates a stable and significant model. R square is 49,4%The result show independence board of commissioner and Effectiveness of audit committee can positively significant effect on audit fee because board of commissioners and audit committee wants a higher audit quality from the auditor.
Keywords: Board Of Commissioners; Effectiveness Of Audit Committee; Audit Fee.
Downloads
Download data is not yet available.
References
Abbott, L. J., & Parker, S. (2000). Auditor selection and audit committee characteristics. Auditing: A journal of practice & theory, 19(2), 47-66.
Ali, M. J., Singh, R. K. S., & Al-Akra, M. (2018). The impact of audit committee effectiveness on audit fees and non-audit service fees: Evidence from Australia. Accounting Research Journal, 31(2), 174-191.
Arens, A. A., Elder, R. J., & Beasly, m. S. (2014). Auditing and assurance services (15 edition ed.): pearson education.
Ariningrum, I., & Diyanty, V. (2017). The Impact of Political Connections and the Effectiveness of Board of Commissioner and Audit Committees on Audit Fees. Australasian Accounting, Business and Finance Journal, 11(4), 53-70.
Arnold, V., Bedard, J. C., Phillips, J. R., & Sutton, S. G. (2012). The impact of tagging qualitative financial information on investor decision making: implications for XBRL. International Journal of Accounting Information Systems, 13(1), 2-20.
Carcello, J. V., Hermanson, D. R., Neal, T. L., & Riley Jr, R. A. (2002). Board characteristics and audit fees. Contemporary Accounting Research, 19(3), 365-384.
Chen, E. T., & Nowland, J. (2010). Optimal board monitoring in family‐owned companies: Evidence from Asia. Corporate Governance: An International Review, 18(1), 3-17.
Craswell, A. T., Francis, J. R., & Taylor, S. L. (1995). Auditor brand name reputations and
Francis, J. R., & Wilson, E. R. (1988). Auditor changes: A joint test of theories relating to agency costs and auditor differentiation. Accounting Review, 663-682.
García-Ramos, R., & García-Olalla, M. (2014). Board independence and firm performance in Southern Europe: A contextual and contingency approach. Journal of Management & Organization, 20(3), 313-332.
Ghosh, A. A., & Tang, C. Y. (2015). Assessing financial reporting quality of family firms: The auditors׳ perspective. Journal of Accounting and Economics, 60(1), 95-116.
Ghozali, I. (2009). Ekonometrika, Teori dan Aplikasi dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, I. (2013). Analisis Multivariate dengan Program IBM SPSS 21: Semarang: Universitas Diponegoro.
Goodwin‐Stewart, J., & Kent, P. (2006). Relation between external audit fees, audit committee characteristics and internal audit. Accounting & Finance, 46(3), 387-404.
Huang, C.-J. (2010). Board, ownership and performance of banks with a dual board system: Evidence from Taiwan. Journal of Management & Organization, 16(2), 219-234.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360.
Johnson, S., & Mitton, T. (2003). Cronyism and capital controls: evidence from Malaysia. Journal of Financial Economics, 67(2), 351-382.
Karamanou, I., & Vafeas, N. (2005). The association between corporate boards, audit committees, and management earnings forecasts: An empirical analysis. Journal of Accounting Research, 43(3), 453-486.
Knechel, W. R., & Willekens, M. (2006). The role of risk management and governance in determining audit demand. Journal of Business Finance & Accounting, 33(9‐10), 1344-1367.
Kroszner, R. S., & Stratmann, T. (1998). Interest-group competition and the organization of congress: theory and evidence from financial services' political action committees. American economic review, 1163-1187.
Li, H., Meng, L., Wang, Q., & Zhou, L.-A. (2008). Political connections, financing and firm performance: Evidence from Chinese private firms. Journal of development economics, 87(2), 283-299.
Lin, J. W., Li, J. F., & Yang, J. S. (2006). The effect of audit committee performance on earnings quality. Managerial Auditing Journal, 21(9), 921-933.
Musah, A. (2017). Determinants of audit fees in a developing economy: evidence from Ghana. International Journal of Academic Research in Business and Social Sciences, 7(11), 716-730.
Rittenberg, L. E., & Nair, R. D. (1993). Improving the effectiveness of audit committees: Institute of Management Accountants.
Safari, M. (2017). Board and audit committee effectiveness in the post-ASX Corporate Governance Principles and Recommendations era. Managerial Finance, 43(10), 1137-1151.
Salehi, M., & Shirazi, M. (2016). Audit committee impact on the quality of financial reporting and disclosure: Evidence from the Tehran Stock Exchange. Management Research Review, 39(12), 1639-1662.
Sulistyanto, S. (2008). Manajemen Laba (Teori & Model Empiris): Grasindo.
Vafeas, N. (2005). Audit committees, boards, and the quality of reported earnings. Contemporary Accounting Research, 22(4), 1093-1122.
Vafeas, N., & Waegelein, J. F. (2007). The association between audit committees, compensation incentives, and corporate audit fees. Review of Quantitative Finance and Accounting, 28(3), 241-255.
Veronica, S., & Bachtiar, Y. S. (2005). Corporate governance, information asymmetry, and earnings management. Jurnal Akuntansi dan Keuangan Indonesia, 2(1), 77-106.
Wahab, E. A. A., Zain, M. M., & James, J. (2011). Political connections, corporate governance and audit fees in Malaysia. Managerial Auditing Journal, 26(5), 393-418.
Wahab, E. A. A., Zain, M. M., James, K., & haron, H. (2009). Institutional investors, political connection and audit quality in Malaysia. Accounting Research Journal, 22(2), 167-195.
Walker, G. R., & Reid, T. (2002). Upgrading corporate governance in East Asia: Part 1.
Wu, X., & Li, H. (2015). Board independence and the quality of board monitoring: Evidence from China. International Journal of Managerial Finance, 11(3), 308-328.
Yu, F., & Yu, X. (2011). Corporate lobbying and fraud detection. Journal of Financial and Quantitative Analysis, 46(6), 1865-1891.
Zaman, M., Hudaib, M., & Haniffa, R. (2011). Corporate governance quality, audit fees and non‐audit services fees. Journal of Business Finance & Accounting, 38(1‐2), 165-197.
Ali, M. J., Singh, R. K. S., & Al-Akra, M. (2018). The impact of audit committee effectiveness on audit fees and non-audit service fees: Evidence from Australia. Accounting Research Journal, 31(2), 174-191.
Arens, A. A., Elder, R. J., & Beasly, m. S. (2014). Auditing and assurance services (15 edition ed.): pearson education.
Ariningrum, I., & Diyanty, V. (2017). The Impact of Political Connections and the Effectiveness of Board of Commissioner and Audit Committees on Audit Fees. Australasian Accounting, Business and Finance Journal, 11(4), 53-70.
Arnold, V., Bedard, J. C., Phillips, J. R., & Sutton, S. G. (2012). The impact of tagging qualitative financial information on investor decision making: implications for XBRL. International Journal of Accounting Information Systems, 13(1), 2-20.
Carcello, J. V., Hermanson, D. R., Neal, T. L., & Riley Jr, R. A. (2002). Board characteristics and audit fees. Contemporary Accounting Research, 19(3), 365-384.
Chen, E. T., & Nowland, J. (2010). Optimal board monitoring in family‐owned companies: Evidence from Asia. Corporate Governance: An International Review, 18(1), 3-17.
Craswell, A. T., Francis, J. R., & Taylor, S. L. (1995). Auditor brand name reputations and
Francis, J. R., & Wilson, E. R. (1988). Auditor changes: A joint test of theories relating to agency costs and auditor differentiation. Accounting Review, 663-682.
García-Ramos, R., & García-Olalla, M. (2014). Board independence and firm performance in Southern Europe: A contextual and contingency approach. Journal of Management & Organization, 20(3), 313-332.
Ghosh, A. A., & Tang, C. Y. (2015). Assessing financial reporting quality of family firms: The auditors׳ perspective. Journal of Accounting and Economics, 60(1), 95-116.
Ghozali, I. (2009). Ekonometrika, Teori dan Aplikasi dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, I. (2013). Analisis Multivariate dengan Program IBM SPSS 21: Semarang: Universitas Diponegoro.
Goodwin‐Stewart, J., & Kent, P. (2006). Relation between external audit fees, audit committee characteristics and internal audit. Accounting & Finance, 46(3), 387-404.
Huang, C.-J. (2010). Board, ownership and performance of banks with a dual board system: Evidence from Taiwan. Journal of Management & Organization, 16(2), 219-234.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360.
Johnson, S., & Mitton, T. (2003). Cronyism and capital controls: evidence from Malaysia. Journal of Financial Economics, 67(2), 351-382.
Karamanou, I., & Vafeas, N. (2005). The association between corporate boards, audit committees, and management earnings forecasts: An empirical analysis. Journal of Accounting Research, 43(3), 453-486.
Knechel, W. R., & Willekens, M. (2006). The role of risk management and governance in determining audit demand. Journal of Business Finance & Accounting, 33(9‐10), 1344-1367.
Kroszner, R. S., & Stratmann, T. (1998). Interest-group competition and the organization of congress: theory and evidence from financial services' political action committees. American economic review, 1163-1187.
Li, H., Meng, L., Wang, Q., & Zhou, L.-A. (2008). Political connections, financing and firm performance: Evidence from Chinese private firms. Journal of development economics, 87(2), 283-299.
Lin, J. W., Li, J. F., & Yang, J. S. (2006). The effect of audit committee performance on earnings quality. Managerial Auditing Journal, 21(9), 921-933.
Musah, A. (2017). Determinants of audit fees in a developing economy: evidence from Ghana. International Journal of Academic Research in Business and Social Sciences, 7(11), 716-730.
Rittenberg, L. E., & Nair, R. D. (1993). Improving the effectiveness of audit committees: Institute of Management Accountants.
Safari, M. (2017). Board and audit committee effectiveness in the post-ASX Corporate Governance Principles and Recommendations era. Managerial Finance, 43(10), 1137-1151.
Salehi, M., & Shirazi, M. (2016). Audit committee impact on the quality of financial reporting and disclosure: Evidence from the Tehran Stock Exchange. Management Research Review, 39(12), 1639-1662.
Sulistyanto, S. (2008). Manajemen Laba (Teori & Model Empiris): Grasindo.
Vafeas, N. (2005). Audit committees, boards, and the quality of reported earnings. Contemporary Accounting Research, 22(4), 1093-1122.
Vafeas, N., & Waegelein, J. F. (2007). The association between audit committees, compensation incentives, and corporate audit fees. Review of Quantitative Finance and Accounting, 28(3), 241-255.
Veronica, S., & Bachtiar, Y. S. (2005). Corporate governance, information asymmetry, and earnings management. Jurnal Akuntansi dan Keuangan Indonesia, 2(1), 77-106.
Wahab, E. A. A., Zain, M. M., & James, J. (2011). Political connections, corporate governance and audit fees in Malaysia. Managerial Auditing Journal, 26(5), 393-418.
Wahab, E. A. A., Zain, M. M., James, K., & haron, H. (2009). Institutional investors, political connection and audit quality in Malaysia. Accounting Research Journal, 22(2), 167-195.
Walker, G. R., & Reid, T. (2002). Upgrading corporate governance in East Asia: Part 1.
Wu, X., & Li, H. (2015). Board independence and the quality of board monitoring: Evidence from China. International Journal of Managerial Finance, 11(3), 308-328.
Yu, F., & Yu, X. (2011). Corporate lobbying and fraud detection. Journal of Financial and Quantitative Analysis, 46(6), 1865-1891.
Zaman, M., Hudaib, M., & Haniffa, R. (2011). Corporate governance quality, audit fees and non‐audit services fees. Journal of Business Finance & Accounting, 38(1‐2), 165-197.
Published
2021-03-25
How to Cite
NURJANAH, Fitri; IMAM AMROZI, Akhmad.
Effektivitas Komite Audit, Dewan Komisaris Independen dan Biaya Audit.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 3, p. 667-676, mar. 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/53500>. Date accessed: 29 nov. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i03.p11.
Issue
Section
Artikel
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
