Pengaruh Komite Audit terhadap Persistensi Laba
Abstract
ABSTRACT
This study examines the effect of audit committee on earnings persistence. Audit committee is measured by the tenure of audit committee member. Sample of this research were manufacturing companies listed on Indonesia Stock Exchange (IDX) of 2013—2014.Quantitative method in this study uses multiple linear regression. The result shows that 234 samples in this research give evidence that audit committee has positive influence on earnings persistence. Furthermore, this study uses expertise of accounting dan finance and frequency of audit committee meetings as well as tenure as a sensitivity analysis of audit committee measurement. The result shows both these alternative measurements have no impact to earnings persistence.
Keywords: Audit Committee, Earnings Quality, Earnings Persistence
ABSTRAK
Penelitian ini dilakukan untuk menguji pengaruh komite audit terhadap persistensi laba perusahaan di Indonesia. Komite audit diukur dengan lama menjabat sebagai anggota komite audit di perusahaan. Sampel penelitian ini ialah perusahaan manufaktur yang terdaftar di BEI tahun 2013-2014. Metode kuantitatif yang digunakan dalam penelitian ini adalah regresi linier berganda. Dari hasil pengujian sampel yang berjumlah 234 perusahaan diperoleh bukti bahwa komite audit berpengaruh positif terhadap persistensi laba. Selain itu, penelitian ini juga menggunakan keahlian akuntansi dan keuangan serta frekuensi pertemuan komite audit sebagai analisis sensitivitas ukuran komite audit selain ukuran masa jabatan. Hasilnya, kedua pengukuran alternatif tersebut tidak memiliki pengaruh terhadap persistensi laba.
Keywords: Komite Audit, Kualitas Laba, Persistensi Laba
References
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Bryan, Daniel, M. H. Carol Liu, Samuel L. Tiras, dan Zili Zhuang. (2013). Optimal versus suboptimal choices of accounting expertise on audit committees and earnings quality. Review of Accounting Studies 18 (4): 1123–58. doi:10.1007/s11142-013-9229-8.
Creswell, John W. (2014). Research Design: Qualitative, Quantitative and Mixed Methods Approaches. (4th ed.). Thousand Oaks, California 91320: Sage Publications, Inc.
Dechow, Patricia, Weili Ge, dan Catherine Schrand. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics 50 (November): 344–401.
DeZoort, F., Dana Hermanson, Deborah Archambeault, dan Scott Reed. (2002). Audit Committee Effectiveness: A Synthesis of the Empirical Audit Committee Literature. Journal of Accounting Literature 21 (Januari). Diakses dari http://ecommons.udayton.edu/acc_fac_pub/64.
DeZoort, F. Todd. (1997). An investigation of audit committees’ oversight responsibilities. Abacus 33 (2): 208.
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Farber, David B. (2005). Restoring Trust after Fraud: Does Corporate Governance Matter?. Accounting Review 80 (2): 539–61.
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García, Laura Sierra, Emiliano Ruiz Barbadillo, dan Manuel Orta Pérez. (2012). Audit committee and internal audit and the quality of earnings: empirical evidence from Spanish companies. Journal of Management & Governance 16 (2): 305–31. doi:10.1007/s10997-010-9152-3.
Ghosh, Aloke, Antonio Marra, dan Doocheol Moon. (2010). Corporate Boards, Audit Committees, and Earnings Management: Pre- and Post-SOX Evidence. Journal of Business Finance & Accounting 37 (9/10): 1145–76. doi:10.1111/j.1468-5957.2010.02218.x.
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Hamdan, Allam Mohammed Mousa, Sabri Maher Sabri Mushtaha, dan Abd Almuttaleb Mohammed Al-Sartawi. (2013). The Audit Committee Characteristics and Earnings Quality: Evidence from Jordan. Australasian Accounting Business & Finance Journal 7 (4): 51–80.
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Jamil, Nurul Nazlia, dan Sherliza Puat Nelson. (2011). An Investigation on the Audit Committees Effectiveness: The Case for GLCs in Malaysia. Gadjah Mada International Journal of Business, 13 (3): 287–305.
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Jerry W. Lin, June F. Li, dan Joon S. Yang. (2006). The effect of audit committee performance on earnings quality. Managerial Auditing Journal, 21 (9): 921–33. doi:10.1108/02686900610705019.
Karamanou, Irene, dan Nikos Vafeas. (2005). The Association between Corporate Boards, Audit Committees, and Management Earnings Forecasts: An Empirical Analysis. Journal of Accounting Research, 43 (3): 453–86.
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Kusnadi, Yuanto, Kwong Sin Leong, Themin Suwardy, dan Jiwei Wang. (2014). Audit Committees and Financial Reporting Quality in Singapore. Journal of Business Ethics. doi:10.2139/ssrn.2467456.
Louis Braiotta Jr, dan Jian Zhou. (2006). An exploratory study of the effects of the Sarbanes‐Oxley Act, the SEC and United States stock exchange(s) rules on audit committee alignment. Managerial Auditing Journal, 21 (2): 166–90. doi:10.1108/02686900610639301.
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OJK. (2000). Surat Edaran OJK Nomor 03/PM/2000 tentang Ketentuan Umum Pencatatan Efek Bersifat Ekuitas di Bursa.
OJK. (2006). Keputusan OJK Nomor 134/BL/2006-X.K.6 tentang Kewajiban Penyampaian Laporan Tahunan Bagi Emiten Atau Perusahaan Publik.
OJK. (2012). Keputusan OJK Nomor 643/BL/2012 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit.
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Olson, John F. (1999). How to Really Make Audit Committees More Effective. The Business Lawyer, 54 (3): 1097–1111.
Rose, Anna M., dan Jacob M. Rose. (2008). Management Attempts to Avoid Accounting Disclosure Oversight: The Effects of Trust and Knowledge on Corporate Directors’ Governance Ability. Journal of Business Ethics, 83 (2): 193–205.
Salleh, Nik Mohamad Zaki Nik, dan Mohd Hassan Che Haat. (2013). Audit Committee Diversity- Malaysian Evidence After the Revision of Mccg. Malaysian Accounting Review, 12 (2): 91–113.
Santosa, Singgih. (2001). Statistik Parametrik. Jakarta: Elex Media Computindo Gramedia.
Thoopsamut, Wiwanya, dan Aim-orn Jaikengkit. (2009). Audit Committee Characteristics, Audit Firm Size and Quaterly Earnings Management in Thailand. Oxford Journal, 8 (1): 3–12.
Vera-Muñoz, Sandra C. (2005). Corporate Governance Reforms: Redefined Expectations of Audit Committee Responsibilities and Effectiveness. Journal of Business Ethics, 62 (2): 115–27.
Xie, Biao, Wallace N. Davidson, dan Peter J. DaDalt. (2001). Earnings Management and Corporate Governance: The Roles of the Board and the Audit Committee. Journal of Corporate Finance, 9 (3): 295-316. doi:10.2139/ssrn.304195.
Yang, Joon S., dan Jagan Krishnan. (2005). Audit Committees and Quarterly Earnings Management. International Journal of Auditing, 9 (3): 201–19. doi:10.1111/j.1099-1123.2005.00278.x.
Bédard, Jean, Sonda Marrakchi Chtourou, dan Lucie Courteau. (2004). The Effect of Audit Committee Expertise, Independence, and Activity on Aggressive Earnings Management. Auditing: A Journal of Practice & Theory 23 (2): 13–35.
Bryan, Daniel, M. H. Carol Liu, Samuel L. Tiras, dan Zili Zhuang. (2013). Optimal versus suboptimal choices of accounting expertise on audit committees and earnings quality. Review of Accounting Studies 18 (4): 1123–58. doi:10.1007/s11142-013-9229-8.
Creswell, John W. (2014). Research Design: Qualitative, Quantitative and Mixed Methods Approaches. (4th ed.). Thousand Oaks, California 91320: Sage Publications, Inc.
Dechow, Patricia, Weili Ge, dan Catherine Schrand. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics 50 (November): 344–401.
DeZoort, F., Dana Hermanson, Deborah Archambeault, dan Scott Reed. (2002). Audit Committee Effectiveness: A Synthesis of the Empirical Audit Committee Literature. Journal of Accounting Literature 21 (Januari). Diakses dari http://ecommons.udayton.edu/acc_fac_pub/64.
DeZoort, F. Todd. (1997). An investigation of audit committees’ oversight responsibilities. Abacus 33 (2): 208.
Drever, Margaret, Patricia Stanton, dan Susan McGowan. (2007). Contemporary Issues in Accounting. Australia: John Wiley & Sons Australia, Ltd.
DSAK. (2014). Standar Akuntansi Keuangan: Kerangka Dasar Penyusunan dan Penyajian Laporan Keuangan. Jakarta: Ikatan Akuntan Indonesia.
Ewert, Ralf, dan Alfred Wagenhofer. (2015). Economic Relations Among Earnings Quality Measures, Mei. Abacus. Diakses dari http://papers.ssrn.com/abstract=2624959.
Farber, David B. (2005). Restoring Trust after Fraud: Does Corporate Governance Matter?. Accounting Review 80 (2): 539–61.
FASC. (2006). Statement of Financial Accounting Concept No. 1: Conceptual Framework for Financial Accounting and Preparation of Financial Statements.
FCGI, (Forum for Corporate Governance Indonesia). (2000). Peranan Dewan Komisaris dan Komite Audit dalam Pelaksanaan Corporate Governance (Tata Kelola Perusahaan).
Francis, Jennifer, Ryan LaFond, Per Olsson, dan Katherine Schipper. (2004). Cost of Equity and Earnings Attributes. Accounting Review, 4, 79: 967–1010.
García, Laura Sierra, Emiliano Ruiz Barbadillo, dan Manuel Orta Pérez. (2012). Audit committee and internal audit and the quality of earnings: empirical evidence from Spanish companies. Journal of Management & Governance 16 (2): 305–31. doi:10.1007/s10997-010-9152-3.
Ghosh, Aloke, Antonio Marra, dan Doocheol Moon. (2010). Corporate Boards, Audit Committees, and Earnings Management: Pre- and Post-SOX Evidence. Journal of Business Finance & Accounting 37 (9/10): 1145–76. doi:10.1111/j.1468-5957.2010.02218.x.
Ghozali, Imam. (2006). Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
Hamdan, Allam Mohammed Mousa, Sabri Maher Sabri Mushtaha, dan Abd Almuttaleb Mohammed Al-Sartawi. (2013). The Audit Committee Characteristics and Earnings Quality: Evidence from Jordan. Australasian Accounting Business & Finance Journal 7 (4): 51–80.
Hartono, Jogiyanto. (2008). Metodologi Penelitian Sistem Informasi. Yogyakarta: CV Andi Offset.
Hsu, Pei-Hui, dan Xuesong Hu. (2016). Advisory Board and Earnings Persistence. Journal of Accounting, Auditing & Finance, 31 (1): 134–57. doi:10.1177/0148558X15571733.
Jamil, Nurul Nazlia, dan Sherliza Puat Nelson. (2011). An Investigation on the Audit Committees Effectiveness: The Case for GLCs in Malaysia. Gadjah Mada International Journal of Business, 13 (3): 287–305.
Jensen, Michael C., dan William H. Meckling. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Accounting and Economics, Juli. doi:10.2139/ssrn.94043.
Jerry W. Lin, June F. Li, dan Joon S. Yang. (2006). The effect of audit committee performance on earnings quality. Managerial Auditing Journal, 21 (9): 921–33. doi:10.1108/02686900610705019.
Karamanou, Irene, dan Nikos Vafeas. (2005). The Association between Corporate Boards, Audit Committees, and Management Earnings Forecasts: An Empirical Analysis. Journal of Accounting Research, 43 (3): 453–86.
KNKG (Komite Nasional Kebijakan Governance). (2006). Pedoman Umum Good Corporate Governance Indonesia.
Kusnadi, Yuanto, Kwong Sin Leong, Themin Suwardy, dan Jiwei Wang. (2014). Audit Committees and Financial Reporting Quality in Singapore. Journal of Business Ethics. doi:10.2139/ssrn.2467456.
Louis Braiotta Jr, dan Jian Zhou. (2006). An exploratory study of the effects of the Sarbanes‐Oxley Act, the SEC and United States stock exchange(s) rules on audit committee alignment. Managerial Auditing Journal, 21 (2): 166–90. doi:10.1108/02686900610639301.
Monks, Robert A G, dan Nell Minow. (2008). Corporate Governance, (4 ed.). John Wiley & Sons, Ltd.
OJK. (2000). Surat Edaran OJK Nomor 03/PM/2000 tentang Ketentuan Umum Pencatatan Efek Bersifat Ekuitas di Bursa.
OJK. (2006). Keputusan OJK Nomor 134/BL/2006-X.K.6 tentang Kewajiban Penyampaian Laporan Tahunan Bagi Emiten Atau Perusahaan Publik.
OJK. (2012). Keputusan OJK Nomor 643/BL/2012 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit.
OJK. (2015). Peraturan OJK Nomor 55/POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit.
Olson, John F. (1999). How to Really Make Audit Committees More Effective. The Business Lawyer, 54 (3): 1097–1111.
Rose, Anna M., dan Jacob M. Rose. (2008). Management Attempts to Avoid Accounting Disclosure Oversight: The Effects of Trust and Knowledge on Corporate Directors’ Governance Ability. Journal of Business Ethics, 83 (2): 193–205.
Salleh, Nik Mohamad Zaki Nik, dan Mohd Hassan Che Haat. (2013). Audit Committee Diversity- Malaysian Evidence After the Revision of Mccg. Malaysian Accounting Review, 12 (2): 91–113.
Santosa, Singgih. (2001). Statistik Parametrik. Jakarta: Elex Media Computindo Gramedia.
Thoopsamut, Wiwanya, dan Aim-orn Jaikengkit. (2009). Audit Committee Characteristics, Audit Firm Size and Quaterly Earnings Management in Thailand. Oxford Journal, 8 (1): 3–12.
Vera-Muñoz, Sandra C. (2005). Corporate Governance Reforms: Redefined Expectations of Audit Committee Responsibilities and Effectiveness. Journal of Business Ethics, 62 (2): 115–27.
Xie, Biao, Wallace N. Davidson, dan Peter J. DaDalt. (2001). Earnings Management and Corporate Governance: The Roles of the Board and the Audit Committee. Journal of Corporate Finance, 9 (3): 295-316. doi:10.2139/ssrn.304195.
Yang, Joon S., dan Jagan Krishnan. (2005). Audit Committees and Quarterly Earnings Management. International Journal of Auditing, 9 (3): 201–19. doi:10.1111/j.1099-1123.2005.00278.x.
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Published
2021-11-12
How to Cite
SARI, Florentina Widita.
Pengaruh Komite Audit terhadap Persistensi Laba.
ACE: Accounting Research Journal, [S.l.], v. 1, n. 1, p. 76-92, nov. 2021.
ISSN 2808-8433.
Available at: <https://journal.feb.unipa.ac.id/index.php/ace/article/view/96>. Date accessed: 11 dec. 2024.
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