Identifying the audit committee financial expert

In light with the Section 407 of Sarbanes Oxley Act 2002, the audit committee’s role has become a daunting task to hold on to. More prominent responsibilities were put up before them, and especially for firms to identify their financial experts among their audit committee members. Prior literature a...

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Main Authors:	Puat Nelson, Sherliza, Devi, S. Susela
Format:	Conference or Workshop Item
Language:	English
Published:	2008
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/6748/ http://irep.iium.edu.my/6748/ http://irep.iium.edu.my/6748/1/identifying_the_audit_committee_financial_expert.pdf

id	iium-6748
recordtype	eprints
spelling	iium-67482012-05-22T05:15:03Z http://irep.iium.edu.my/6748/ Identifying the audit committee financial expert Puat Nelson, Sherliza Devi, S. Susela HG4001 Financial management. Business finance. Corporation finance. In light with the Section 407 of Sarbanes Oxley Act 2002, the audit committee’s role has become a daunting task to hold on to. More prominent responsibilities were put up before them, and especially for firms to identify their financial experts among their audit committee members. Prior literature also shows that there are associations in relation to market performance and earnings quality, if there exist an audit committee with an expertise in financial or accounting in the company. In Malaysia, the mandatory disclosure of naming their financial expert is still far. But, existing requirements do ask for companies to include among the audit committee members, at least one with an accounting or finance background, and, or with a professional accounting qualification. Still, there is insufficient guidance as to how we could identify if someone could be the potential audit committee financial expert. The existing paper intends to look into what it takes to be an audit committee financial expert. Three elements or basis were found from prior literature to form the basis of an expert; experiences, qualification and understanding of financial reporting. 2008-07-06 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/6748/1/identifying_the_audit_committee_financial_expert.pdf Puat Nelson, Sherliza and Devi, S. Susela (2008) Identifying the audit committee financial expert. In: 2008 AFAANZ/IAAER Conference , 6-8 July, 2008, Sydney, Australia. (Unpublished) http://www.afaanz.org/openconf/2008/modules/request.php?module=oc_proceedings&action=proceedings.php&a=Accept+as+Forum
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG4001 Financial management. Business finance. Corporation finance. Puat Nelson, Sherliza Devi, S. Susela Identifying the audit committee financial expert
description	In light with the Section 407 of Sarbanes Oxley Act 2002, the audit committee’s role has become a daunting task to hold on to. More prominent responsibilities were put up before them, and especially for firms to identify their financial experts among their audit committee members. Prior literature also shows that there are associations in relation to market performance and earnings quality, if there exist an audit committee with an expertise in financial or accounting in the company. In Malaysia, the mandatory disclosure of naming their financial expert is still far. But, existing requirements do ask for companies to include among the audit committee members, at least one with an accounting or finance background, and, or with a professional accounting qualification. Still, there is insufficient guidance as to how we could identify if someone could be the potential audit committee financial expert. The existing paper intends to look into what it takes to be an audit committee financial expert. Three elements or basis were found from prior literature to form the basis of an expert; experiences, qualification and understanding of financial reporting.
format	Conference or Workshop Item
author	Puat Nelson, Sherliza Devi, S. Susela
author_facet	Puat Nelson, Sherliza Devi, S. Susela
author_sort	Puat Nelson, Sherliza
title	Identifying the audit committee financial expert
title_short	Identifying the audit committee financial expert
title_full	Identifying the audit committee financial expert
title_fullStr	Identifying the audit committee financial expert
title_full_unstemmed	Identifying the audit committee financial expert
title_sort	identifying the audit committee financial expert
publishDate	2008
url	http://irep.iium.edu.my/6748/ http://irep.iium.edu.my/6748/ http://irep.iium.edu.my/6748/1/identifying_the_audit_committee_financial_expert.pdf
first_indexed	2023-09-18T20:15:52Z
last_indexed	2023-09-18T20:15:52Z
_version_	1777407783239417856

Identifying the audit committee financial expert

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