This study examined the effects of audit quality in the relationship between audit committee effectiveness and board characteristics on voluntary disclosure quality in (MENA) countries. Therefore, the main objectives of the study are one, to determine the relationship between audit committee effectiveness and board characteristics on voluntary disclosure quality in (MENA) countries. Two, to determine the moderating (interaction) effect of audit quality on the relationship between audit committee effectiveness and board characteristics on voluntary disclosure quality in (MENA) countries. Furthermore, to achieve these objectives, the study obtained data from listed firms on Amman Stock Exchange, Egypt Stock Exchange and Saudi Arabia Stock Exchange from 2013-2022 during which 128 firms were scrutinized, culminating in a total of 1280 observations. The results revealed that there is a significant positive relationship between audit committee effectiveness and board characteristics on voluntary disclosure quality. The audit quality is also expected to enhance the audit committee and board characteristics on voluntarily disclosure quality, The study presents useful insights to regulators, practitioners, and investors with new empirical evidence on audit quality, audit committee effectiveness, board characteristic and voluntary disclosure quality from the perspective of non-financial companies. Finally, the study has implications for captains of industries to devise the most effective and efficient means of managing companies in the Middle East and North Africa (MENA).
Al-Angari, H. A. (2021). Regulating Auditing in Saudi Arabia: From State to Self Regulation. Muhasebe ve Finans Tarihi Ara?t?rmalar? Dergisi, 20, 23-44. https://doi.org/0000-0002-5967-1285
Alharasis, E. E. (2021). The impact of fair value disclosure on audit fees of Jordanian listed firms (Doctoral dissertation, Victoria University).
Almarayeh, T. S., Aibar-Guzmán, B., & Abdullatif, M. (2020). Does audit quality influence earnings management in emerging markets? Evidence from Jordan:¿ Influye la calidad de la auditoría en la gestión de resultados en los mercados emergentes? Evidencia de Jordania. Revista de Contabilidad-Spanish Accounting Review, 23(1), 64-74.
Alrazi, B., & Husin, N. M. (2021). Chief Financial Officers' International Experience and Corporate Reporting Quality: Evidence from Malaysia. Global Business & Management Research, 13.
Amahalu, N. N., Okoye, P. V., & Obi, J. C. (2019). Forensic accounting and Corporate Fraud: Evidence from Deposit Money Banks in Awka, Anambra State. Faculty of Management Sciences, 2019 International Conference Proceedings, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria,450-466.
Andersen, J. A. (2019). Owners vs executives and decisions vs control. Corporate Governance: The International Journal of Business in Society.
Azaimmi, M. W. M., Yosri, N. A. M., Abidin, N. A. Z., & Ramli, N. A. F. (2022). The effect of online restaurant menus on consumers’ purchase intentions in Klang Valley Malaysia (Doctoral dissertation, UNIVERSITI MALAYSIA KELANTAN).
Berniak-Wo?ny, J., Kwasek, A., G?si?ski, H., Maciaszczyk, M., & Kocot, M. (2023). Business Case for Corporate Social Responsibility in Small and Medium Enterprises—Employees’ Perspective. Sustainability, 15(2), 1660.
Durst, A. K. (2021). Education as a positional good? Evidence from the German socio-economic panel. Social Indicators Research, 155(2), 745-767.
Erasmus, E. G., & Akani, F. N. (2021). Audit quality and market value of quoted banks in Nigeria. International Journal of Innovative Finance and Economics Research, 9(4), 18-41.
Gu, M. (2021). Essays on the Cost of Bank Loans, Corporate Voluntary Disclosure, CEO Compensation and Financial Market Frictions (Doctoral dissertation, University of Massachusetts Boston).
Hadad, S., & Aharony, N. (2022). Factors influencing researchers to publish in open-access: Is it a self-decision or a self-reinforcing cycle?. Online Information Review, (ahead-of-print).
Healy, P. M., & Serafeim, G. (2020). Voluntary, self-regulatory, and mandatory disclosure of oil and gas company payments to foreign governments. Accounting Horizons, 34(1), 111-129.
Johnson, G. F. (2020). How Meaningful Is the Latest Addition to the FASB Conceptual Framework?. Journal of Accounting and Finance, 20(5), 155-163.
Khatib, S. F., Abdullah, D. F., Elamer, A., & Hazaea, S. A. (2022). The development of corporate governance literature in Malaysia: a systematic literature review and research agenda. Corporate Governance: The International Journal of Business in Society.
Kim, T. W., Li, J., & Pae, S. (2023). Career concerns, investment, and management forecasts. The Accounting Review, 98(1), 337-363.
Marashdeh, Z., Alomari, M. W., Khataybeh, M., & Alkhataybeh, A. (2021). Female representation on the boards of directors of non-financial companies. Journal of Governance and Regulation/Volume, 10(2).
Marashdeh, Z., Saidat, Z., Alkhodary, D., & Al-Haddad, L. (2021). Agency theory and the Jordanian corporate environment: why a single theory is not enough. Academy of Accounting and Financial Studies Journal, 25(5), 1-15.
Mundó, J., Soza, S., & Macedo de Medeiros Albrecht, N. F. (2022). Privatization and the Governance of the Commons. In Capitalism, Democracy, Socialism: Critical Debates (pp. 35-70). Cham: Springer International Publishing.
Nindiasari, A. D. (2021). Good corporate governance practices and voluntary disclosure in companies listed in the Indonesia Sharia Stock Index (ISSI). Asian Journal of Islamic Management (AJIM), 45-55.
Oladejo, M. O., Jk, O., & Yinus, S. O. (2020). External Audit Quality and Users Confidence in Financial Reports: Evidence from Nigeria Deposit Money Banks. International Journal of Technology and Management, 5(1), 16.
Rahman, K. M., & Bremer, M., (2016). Effective Corporate Governance and Financial Reporting in Japan. Asian Academic of Management Journal of Accounting and Finance, 12(1), 93–122.
Rezaee, Z., Abernathy, J., Causholli, M., Michas, P. N., Roush, P. B., Rowe, S., & Velury, U. K. (2016). Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on PCAOB Concept Release on Audit Quality Indicators, No. 2015-005, July 1, 2015: Participating Committee Members. Current Issues in Auditing, 10(1), C11-C27
Saha, R., & Kabra, K. C. (2020). Corporate governance and voluntary disclosure: A synthesis of empirical studies. Business Perspectives and Research, 8(2), 117-138.
Sarhan, A. A., Ntim, C. G., & Al-Najjar, B. (2019). Antecedents of Audit Quality in MENA Countries: The Effect of Firm- and Country-Level Governance Quality. Journal of International Accounting, Auditing and Taxation, 35, 85-107.
Torreggiani, G., & De Giacomo, M. R. (2022). CSR representation in the public discourse and corporate environmental disclosure strategies in the context of Brexit. A cross-country study of France, Germany, and the United Kingdom. Journal of Cleaner Production, 367, 132783.
Yuanita, D. W., & Dewi, C. N. (2022). Voluntary Disclosure, Credibility, and Triggering Factors of Voluntary Disclosure: An Overview of Beneficial Study Reviews. Jurnal Ilmiah Akuntansi dan Keuangan, 11(1), 43-50.
Zhou, C. (2019). Effects of corporate governance on the decision to voluntarily disclose corporate social responsibility reports: evidence from China. Applied Economics, 51(55), 5900-5910.
