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Auditor General Characteristics and Supreme Audit Institutions’ Audit Report Disclosures: The Moderating Effects of Culture and Governance

Mohamed Elmagrhi Orcid Logo, Hanh Nguyen, Collins G. Ntim Orcid Logo, John Malagila

Swansea University Authors: Mohamed Elmagrhi Orcid Logo, Hanh Nguyen

Abstract

This paper examines disclosures contained in supreme audit institutions’ (SAIs) audit reports, and the extent to which auditor-generals’ (A-Gs’) characteristics (internal factors to SAIs), national culture and governance quality (external environment of SAIs) impact on such disclosures. Using data d...

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URI: https://cronfa.swan.ac.uk/Record/cronfa60299
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Abstract: This paper examines disclosures contained in supreme audit institutions’ (SAIs) audit reports, and the extent to which auditor-generals’ (A-Gs’) characteristics (internal factors to SAIs), national culture and governance quality (external environment of SAIs) impact on such disclosures. Using data drawn from SAIs from 21 countries over a 10-year period and insights drawn from upper-echelons theory, our findings suggest that the level of financial audit disclosures is higher than that of performance audit disclosures. We find further that A-Gs’ characteristics have significant influence on the extent of both financial and performance audit disclosures. Finally, we show that the A-G characteristics–audit disclosures nexus is moderated by national culture and governance quality. Our findings are robust to controlling for endogeneities and alternative estimation techniques.
Keywords: Supreme audit institutions, auditor-general characteristics, upper-echelons theory, audit report disclosures, external and internal factors, culture and governance, public sector entities.
College: School of Management