The effects of internal audit and board of directors on disclosure credibility in Jordan, and the moderating effects of corporate governance policies

Financial disclosures are potentially valuable sources of information for investors, but must be perceived as credible to be useful. Credible financial reporting enhances the efficient allocation of scarce financial capital to promising investment opportunities, which in tum maximizes the shareholde...

Full description

Bibliographic Details
Main Author: Alqaraleh, Mithkal Hmoud Salem (Author)
Corporate Author: Universiti Sultan Zainal Abidin . Faculty of Business and Management
Format: Thesis Book
Language:English
Subjects:

MARC

LEADER 00000cam a2200000 7i4500
001 0000097967
005 20201203093000.0
008 200128s2019 my eng
040 |a UniSZA   |e rda 
050 0 0 |a HF5668.25   |b .A47 2019 
090 0 0 |a HF5668.25   |b .A47 2019 
100 1 |a Alqaraleh, Mithkal Hmoud Salem ,   |e author 
245 1 4 |a The effects of internal audit and board of directors on disclosure credibility in Jordan, and the moderating effects of corporate governance policies   |c Mithkal Hmoud Salem Alqaraleh 
264 0 |c 2019 
300 |a xvii, 301 leaves ;   |c 31 cm. 
336 |a text   |2 rdacontent 
337 |a unmediated   |2 rdamedia 
338 |a volume   |2 rdacarrier 
502 |a Thesis (Degree of Doctor of Philosophy) - Universiti Sultan Zainal Abidin, 2019 
504 |a Includes bibliographical references (leaves 218-244) 
505 0 |a 1. Introduction -- 2. Literature review -- 3. Theoretical framework and hypotheses development -- 4. Research methodology -- 5. Data analysis and discussions -- 6. Conclusion 
520 |a Financial disclosures are potentially valuable sources of information for investors, but must be perceived as credible to be useful. Credible financial reporting enhances the efficient allocation of scarce financial capital to promising investment opportunities, which in tum maximizes the shareholders' wealth. Prior studies on Jordanian companies revealed considerable variations in the extent of disclosure by companies with regard to the quality, content and time lag in the reporting of financial statements. The incomplete and late information makes it difficult for the stakeholders and beneficiaries to take the right decision in relation to the firm. Some studies suggest that internal audit and board of directors, have the same impact on the credibility of the disclosure. Accordingly, this study examines the practices of internal audit and board of directors, and how these two factors impact the disclosure credibility in terms of completeness and timely of reporting by incorporating corporate governance policies as the moderating factor in the relationship. This study employs mix-method approach and used two types of data, primary and secondary data. Primary data on internal audit practices is collected through a survey on the CEO/CFO of Jordanian public listed companies while secondary data on board of directors' characteristics is gathered from the companies' annual reports. The final 172 questionnaires for companies are completed and usable were analysed by using multiple Regression and hierarchical Regression. The study finds positive significant relationship between internal audit practices (audit indep ndence, audit efficiency) and board of directors (board independence and CEO duality) with disclosure credibility in term of completeness. However, a negative ignificant relationship is found between incentives to auditors and board size with disclosure credibility (completeness). In addition, the study finds that internal audit (audit independence and audit efficiency) and board of directors (CEO duality) has a positive significant relationship with disclosure credibility in term of timeliness. However, there is no significant relationship between incentives to auditors and board independence with timely disclosure credibility. Corporate governance policies also act as a moderator in the relationship between CEO duality and disclosure credibility in term of completeness. The findings provide several implications for policymakers in terms of assessing corporate governance policies, particularly relating to board of directors, internal audi and disclosure in Jordanian public listed companies. The companies can enhance and improve the disclosure credibility in terms of completeness and timeliness according to the International Accounting Standards Board and corporate governance policies that have been established to reduce any negative impact on the disclosure credibility. 
610 2 0 |a Universiti Sultan Zainal Abidin   |x Faculty of Business and Management   |v Dissertations 
610 2 0 |a Universiti Sultan Zainal Abidin   |x Dissertations 
650 0 |a Corporate governance 
650 0 |a Dissertations, Academic 
650 0 |a Auditing 
650 0 |a Auditing, Internal 
650 0 |a Auditing, Internal   |z Jordan 
710 0 |a Universiti Sultan Zainal Abidin .   |b Faculty of Business and Management 
999 |a 1000178846   |b Thesis   |c Reference   |e Gong Badak Campus