Vera Diyanty, Eliza Fatima, Akhmad Syahroza


This study aims to investigate the effect of family ownership, family leadership, and the monitoring role of the Board of Commissioners on the audit quality. This study uses a sample of non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2010 to 2013. Family ownership is measured through the ultimate ownership of the company. To determine whether the company's CEO is the founder of the company, family relationship data is used on all of the company's ultimate owners. The monitoring role of the Board of Commissioners is calculated through the Asean Corporate Governance Scorecard index. Data of auditor is obtained from Center for Supervision of Financial Service (P2PK). The results showed that family ownership either through direct or indirect mechanisms tend to choose Big 4 KAP than non Big 4. While Chief Financial Officer (CFOs) from family and corporate founders tend to choose Big 4 in auditing the company. This is done to maintain the company's reputation. The results also show that the effective monitoring of the Board of Commisionners (BOC) tends to choose Big 4 auditors compared to non Big 4.

Kata Kunci

audit quality; family ownership; family leadership and board of commisioners

Teks Lengkap:



Almeida, H. V. dan D. Wolfenzon. 2006. A Theory of Pyramidal Ownership and Family Business Group. The Journal of finance 61(6): 2637-2680.

Anderson, R. C. dan D. M. Reeb. 2003. Founding-Family Ownership and Firm Performance: Evidence from the S&P 500. The Journal of Finance 58(3): 1301-1328.

Balsam, S., J. Krishnan, dan J. S. Yang. 2003. Auditor Industry Specialization and Earnings Quality. Auditing: A Journal of Practice and Theory 22(2): 71–97.

Bamber, E. M. dan L. S. Bamber, 2009. Discussion of Mandatory Audit Partner Rotation, Audit Quality, and Market Perception: Evidence from Taiwan. Contemporary Accounting Research 26(2): 393-402.

Becker, C. L., M. L. Defond, J. Jiambalvo, dan K. R. Subramanyam. 1998. The Effect of Audit Quality on Earnings Management. Contemporary Accounting Research 15(1): 1-24.

Bloom, R. dan D. Schirm. 2008. An Analysis of the GAO Study on Audit Market Concentration. The CPA Journal 78(4): 6.

Choi, J., S. Kwak, dan H. Yoo. 2008. The Effect of Divergence between Cash Flow Right and Voting Right on Audit Hour and Audit Fee per Audit Hour. Seoul Journal of Business 14(1): 55-77.

Claessens, S., S. Djankov, dan L. H. P. Lang. 1999a. Who Control East Asia Corporations. Working Paper. World Bank. Washington DC.

Claessens, S., S. Djankov, J. R. H. Fan, dan L. H. P. Lang. 1999b. Expropriations of Minority Shareholders; Evidence from East Asia. Working Paper World Bank. Washington DC.

Claessens, S., S. Djankov, dan L. H. P. Lang. 2000. The Separation of Ownership and Control in East Asian Corporation. Journal of Financial Economics 58(1-2): 81-112.

Chua, J. H., J. J. Chrisman, dan P. Sharma. 1999. Defining the Family Business by Behavior. Entrepreneurship: Theory and Practice 23: 19-40.

Chung, H. M. dan S. T. Chan. 2012. Ownership Structure, Family Leadership, and Performance of Affiliate Firms in Large Family Business Groups. Asia Pacific Journal of Management 29(2): 303-329.

Darmadi, S. 2016. Ownership Concentration, Family Control, and Auditor Choice: Evidence from an Emerging Market. Asian Review of Accounting 24(1): 19-42.

DeAngelo, L. E. 1981. Auditor Size and Audit Quality. Journal of Accounting and Economics 3(3): 183-199.

Diyanty, V. 2012. Pengaruh Kepemilikan Pengendali Akhir terhadap Traksaksi Pihak Berelasi dan Kualitas Laba. Disertasi. Program Pasca Sarjana Akuntansi Universitas Indonesia. Depok.

El Ghoul, S., O. Guedhami, C. Lennox, dan J. A. Pittman. 2007. Ownership Structure, Agency Problems, and Auditor Choice: Evidence from Western European Firms. Proceedings of the Annual Conference of the Administrative Science Association of Canada 28(26).

Faccio, M. dan L. H. P. Lang. 2002. The Ultimate Ownership of Western European Corporations. Journal of Financial Economics 65(3): 365-395.

Fan, J. P. H. dan T. J. Wong. 2002. Corporate Ownership Structure and the Informativeness of Accounting Earning in East Asia. Journal of Accounting and Economics 33(3): 401-425.

Fan, J. P. H. dan T. J. Wong. 2005. Do External Auditors Perform a Corporate Governance Role in Emerging Markets? Evidence from East Asia. Journal of Accounting Research 43(1): 35-72.

Farahmita, A. 2009. Pengaruh Praktik Corporate Governance terhadap Hubungan antara Transaksi Pihak Berelasi (Related Party Transaction) dengan Manajemen Laba. Tesis. Program Ilmu Magister Sains Manajemen Keuangan Universitas Indonesia. Depok.

Francis, J. R. 2004. What Do We Know about Audit Quality?. The British Accounting Review 36(4): 345-368.

Francis, J. R. dan M. D. Yu. 2009. Big 4 Office Size and Audit Quality. The Accounting Review 84(5): 1521-1552.

Gómez-Mejía, L. R., K. T. Haynes, M. Núñez-Nickel, K. J. L. Jacobson, dan J. Moyano-Fuentes. 2007. Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills. Administrative Science Quarterly 52(1): 106–137.

Francis, J. R., E. L. Maydew, dan H. C. Sparks. 1999. The Role of Big 6 Auditors in the Credible Reporting of Accruals. Auditing: A Journal of Practice and Theory 18(2): 17–34.

Ghosh, A. dan D. Moon. 2005. Auditor Tenure and Perceptions of Audit Quality. The Accounting Review 80(2) : 585-612.

Gomes, A. 2000. Going Public without Governance: Managerial Reputation Effects. The Journal of Finance 55(2): 615-646.

Hay, D., W. R. Knechel, dan H. Ling. 2008. Evidence on the Impact of Internal Control and Corporate Governance on Audit Fees. International Journal of Auditing 12(1): 9-24.

Hermawan, A. 2009. Pengaruh Efektifitas Dewan Komisaris dan Komite Audit, Kepemilikan oleh Keluarga, dan Peran Monitoring Bank terhadap Kandungan Informasi Laba. Disertasi. Fakultas Ekonomi Universitas Indonesia.

James, H. S. 1999. Owner as Manager, Extended Horizons and the Family Firm. International Journal of the Eco- nomis of Business 6(1): 41-55.

Jensen, M. C. dan W. H. Meckling. 1976. Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure. Journal of Financial Economics 3(4): 305-360.

Jenkins, D. S., G. D. Kane, dan U. Velury. 2006. Earning Quality Decline and the Effect of Industry Specialist Auditors: an Analysis of the Late 1990s. Journal of Accounting and Public Policy 25(1): 71-90.

Kang, F. 2014. Founding Family Ownership and the Selection of Industry Specialist Auditors. Accounting Horizons 28(2): 261-276.

Khan, A. R., D. M. Hossain, dan J. Siddiqui. 2011. Corporate Ownership Concentration and Audit Fees: the Case of an Emerging Economy. Advances in Accounting 27(1): 125-131.

Suk, K. S. 2006. Hubungan Simultan antara Struktur Kepemilikan, Corporate Governance, dan Nilai Perusahaan dari Perusahaan di Bursa Efek Jakarta. Disertasi. Fakultas Ekonomi Universitas Indonesia.

Klein, A. 2002. Audit Committee, Board of Director Characteristics, and Earning Managements. Journal of Accounting and Economics 33(3): 375-400.

La Porta, R., F. Lopez-De-Silanes, dan A. Shleifer. 1999. Corporate Ownership around the World. The Journal of Finance 54(2): 471-517.

Lin, Z. J. dan M. Liu. 2009. The Impact of Corporate Governance on Auditor Choice: Evidence from China. Journal of International Accounting, Auditing, and Taxation 18(1): 44-59.

Liu, W., H. Yang, dan G. Zhang. 2010. Does Family Business Excel in Firm Performance? An Institutionbased View. Asia Pacific Journal of Management 29(4): 965-987.

Lobo, G. J. dan J. Zhou. 2006. Did Conservatism in Financial Reporting Increase after Sarbanes–Oxley? Initial Evidence. Accounting Horizon 20(1): 57-73.

Lukviarman, N. 2004. Ownership Structure and Firm Performance: The Case of Indonesia. Disertasi. Graduate School of Business, Curtain University of Technology. Perth.

Maharani, D. 2011. Analisis Mekanisme Corporate Governance Perusahaan terhadap Pemilihan Auditor Eksternal. Publikasi Simposium Nasional Akuntansi.

Mayangsari, S. 2004. Bukti Empiris Penga- ruh Spesialisasi Industri Auditor terhadap Earnings Response Coefficient. The Indonesian Journal of Accounting Research 7(2).

Peng, M. W. dan Y. Jiang. 2010. Institutions behind Family Ownership and Control in Large Firms. Journal of Management Studies 47(2): 253-273.

Petra, S. T. 2007. The Effects of Corporate Governance on the Informativeness of Earnings. Economics of Governance 8(2): 129-152.

Putra, D. 2015. Pengaruh Mekanisme Corporate Governance Terhadap Pemilihan Auditor Eksternal. Prosiding Sembistek 2014, 1(01): 148-159.

Reynolds, J. K. dan J. R. Francis. 2000. Does Size Matter? The Influence of Large Clients on Office-Level Auditor Reporting Decisions. Journal of Accounting and Economics 30(3): 375–400.

Scott, W. R. 2010. Financial Accounting Theory. 6th Edition. Pearson Prentice-Hall.

Shleifer, A. dan R. W. Vishny. 1986. Large Shareholders and Corporate Control. Journal of Political Economy 94(3): 461-488.

Simunic, D. A. 1980. The Pricing of Audit Services: Theory and Evidence. Journal of Accounting Research 18(1): 161–190.

Siregar, S. V. dan S. Utama. 2008. Type of Earnings Managements and the Effect of Ownership Structure, Firm Size, and Corporate Governance Practices: Evidence from Indonesia. The International Journal of Accounting 43(1): 1-27.

Siregar, S. V. N. P. dan S. Utama. 2006. Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, dan Praktek Corporate Governance terhadap Pengelolaan Laba (Earnings Management). Jurnal Riset Akuntansi Indonesia 9(3): 307-326.

Sweeney, A. P. 1994. Debt Covenant Violations and Manager’s Accounting Responses. Journal of Accounting and Economics 17(3): 281-308.

Ulupui, I. G. K. 2009. Pengaruh Struktur Kepemilikan, Praktik Governance terhadap Kompensasi Direksi, Komisaris dan Dampak Ekses Kompensasi terhadap Kinerja Perusahaan. Disertasi. Program Pasca Sarjana Ilmu Manajemen, Universitas Indonesia. Depok.

Yeh, Y. H. 2005. Do Controlling Shareholders Enhance Corporate Value? Corporate Governance: an International Review 13(2): 313-325.

Watkins, A. L., W. Hillison, dan S. E. Morecroft. 2004. Audit Quality: A Synthesis of Theory and Empirical Evidence. Journal of Accounting Literature 23(2004): 153-193.

Watts, R. L. dan Zimmerman, J. L. 1986. The Positive Accounting Theory. Prentice Hall Inc. New Jersey.


  • Saat ini tidak ada refbacks.