Audit Delay Research Articles

Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage dan Opini Audit Terhadap Audit Delay

Audit delay is the time interval between the closing date of financial books and the date of reporting by independent auditors. Delays in completing the audit of financial statements can hinder decision-making processes for stakeholders. This research investigates and analyzes the influence of company size, profitability, leverage, and audit opinion on audit delay. Purposive sampling was employed, gathering 96 samples from 16 companies in the food and beverage sector listed on the Indonesia Stock Exchange during the period from 2018 to 2023. Secondary data from financial reports were analyzed using multiple linear regression. The findings indicate that leverage has an impact on audit delay. However, company size, profitability, and audit opinion do not influence audit delay.

Pengaruh Karakteristik Perusahaan Terhadap Audit Delay

The impact of firm attributes including size, subsidiaries, audit firm size, leverage, profitability, and audit fees on audit delay is investigated in this study. The financial accounts of the company must be submitted on schedule, but in 2022, a number of corporations have not submitted their reports on time despite having been granted a grace period. This is the focus of the study so it needs to be studied further. Panel regression is used in this study to test the hypothesis using 1,180 sample data from three sectors of companies listed between 2018 and 2022 on the Indonesia Stock Exchange. The analysis's findings indicate that while firm size, subsidiaries, leverage, and audit fees have no effect on audit time, audit firm size and profitability do. This study contributes to academic research on company characteristics for reporting financial statements on time, especially in Indonesia. The results of this research can be used by users of financial reports in reviewing the effectiveness of company operations for continued investment and also useful for companies so that companies can be open about information and the accuracy of submitting financial reports. The new thing in this study is the use of samples of three company sectors that have the highest number of audit delay companies as the main focus of investors to invest their funds in these companies, so this study reflects the need for timeliness of financial reporting, especially for BEI listed companies.

The Effect of Auditor Opinion, Solvency, and Auditor Switching on Audit Delay with Company Size as a Moderating Variable in Energy Sector Companies Listed on the Indonesia Stock Exchange for the Period 2019 - 2022

The objective of this study is to examine the impact of audit opinion, solvency, and auditor turnover on audit delay, accounting for the moderating variable of firm size. This study employs a quantitative research approach and utilizes secondary data acquired from the website www.idx.co.id. The populations under investigation in this study include of energy sector businesses that are publicly listed on the Indonesia Stock Exchange during the period of 2019-2022. The sampling method employed is that of purposive sampling. The sample acquired consisted of 49 firms. Indications from this study suggest that solvency positively influences audit delay. Furthermore, the impact of audit opinion and auditor turnover on audit delay is not statistically significant. The impact of audit opinion on audit delay cannot be moderated by the size of the company. The impact of fiscal solvency and auditor switching on audit time might be moderated by the size of the company.

The Effect of Audit Quality and Financial Performance on Audit Delay (Empirical Study on LQ45 Companies in 2021-2023)

The financial report is an information medium that is very useful for stakeholders. The financial statements owned by the company can be used for stakeholders to make decisions. Financial statements presented by companies must be audited because audited financial statements can increase the confidence of financial statement users. One of the important factors in financial statements is timeliness. Financial statements can be very useful if financial statements are presented on time, therefore the financial statements presented must be timely so that decision-making can also be taken appropriately. The purpose of this study is to see what factors can affect audit delays. Audit delay is the time difference between the closing date of the book and the date of signing the auditor's report. The sample in this study is companies with the LQ45 index, because LQ45 index companies are companies that have a healthy financial condition. Data will be taken from the Indonesia Stock Exchange website for 3 years. Data analysis will be carried out using SPSS by performing the Classical Assumption Test and the Multiple Linear Regression Test. The targeted output is journal publication in accredited national journals. Keywords: Audit Delay, Profitability, Leverage, Audit Quality

Determinants of Audit Delay for Indonesian Property and Real Estate Companies

This research aims to empirically prove how factors such as audit tenure, audit opinion, solvency, and company size influence audit delay on the Indonesia Stock Exchange in the sector of property and real estate companies for the period 2018 to 2022. The sample size for this quantitative research is 53 companies and the sampling process and criteria use the purposive sampling method. Data analysis used in this research uses panel data regression analysis. E-Views 12 to analyze data. The research results show that company size has a positive influence on audit delay, audit opinion has a negative influence on audit delay, audit tenure has no influence on audit delay and solvency has no influence on audit delay.

Pengaruh Solvabilitas dan Profitabilitas terhadap Audit Delay pada Perusahaan BUMN Periode 2019-2023

This quantitative research aims to determine the factors that influence audit delay, namely solvency and profitability in BUMN listed on the Indonesia Stock Exchange (BEI) during the 2019-2023 period with a population of 55 observations. Meanwhile, the sample that met the criteria was 24 observations. The data collection technique was carried out using secondary data from annual reports of state-owned companies during the observation period. The research instrument uses debt to asset ratio (DAR) as a proxy for solvency and return on assets (RoA) as a proxy for profitability, and audit delay data. Data analysis was carried out using multiple linear regression. The results of this research reveal that simultaneously there is a significant influence between the solvency and profitability ratios on audit delay in state-owned companies in Indonesia during the 2019-2023 period. However, partially there is a significant treatment in the opposite direction of the two ratios; The solvency ratio has a negative effect, while the profitability ratio has a positive effect on audit delay.

Intelligent manufacturing, auditor selection and audit quality

PurposeThe purpose of this paper is to examine the influence of intelligent manufacturing on audit quality and its underlying mechanism as well as the variation in this influence across different types of organizations.Design/methodology/approachThis research utilizes a difference-in-differences (DID) method to examine how enterprises that apply intelligent manufacturing choose auditors and impact their audit work. The study is based on 15,228 observations of Chinese-listed A-shares from 2011 to 2020.Findings(1) There is a strong correlation between intelligent manufacturing and audit quality. (2) This positive correlation is statistically significant only in state-owned enterprises (SOEs), those that have steady institutional investors and where the roles of the CEO and chairman are distinct. (3) Enterprises that have implemented intelligent manufacturing are more inclined to employ auditors who possess extensive industry expertise. The auditor's industry expertise plays a crucial role in ensuring audit quality. (4) The adoption of intelligent manufacturing also leads to higher audit fees and longer audit delay periods.Practical implicationsThis paper validates the beneficial impact of intelligent manufacturing on improving corporate governance. In addition, it is recommended that managers prioritize the involvement of skilled auditors with specialized knowledge in the industry to ensure the high audit quality and the transparency of information in intelligent manufacturing enterprises.Originality/valueThis study builds upon previous research that has shown the importance of artificial intelligence in enhancing audit procedures. It contributes to the existing body of knowledge by examining how enterprise intelligent manufacturing systems (IMS) enhance audit quality. Additionally, this study provides valuable information on how to improve audit quality in the field of intelligent manufacturing by strategically selecting auditors based on resource dependency theory.

Pengaruh Ukuran Perusahaan, Laba/Rugi Operasi terhadap Audit Delay pada Perusahaan BUMN Periode 2019-2023

Increasingly fierce competition on the stock exchange creates a dynamic and challenging environment for companies. To survive and thrive, companies need to adapt to changing markets, adopt new technologies, meet stringent regulations, and respond to evolving investor expectations. Financial reports are one of the mandatory requirements for stock exchange issuers to collect. The research method uses multiple regression analysis. With a sample of 38 observations (after outliers). The test uses a significant t test. The research results showed that company size cannot be proven to influence audit delay and profit/loss can be proven to influence audit delay.

Pengaruh Profitabilitas, Solvabilitas Dan Financial Distress Terhadap Audit Delay Dengan Ukuran Perusahaan Sebagai Variabel Moderasi Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2017-2021

This study aims to determine the effect of Profitability, Solvency, Financial Distress, on Audit Delay with Company Size as a moderation variable in Manufacturing Companies listed on the IDX in 2017-2021. The Moderated Regression Analysis (MRA) design is used to examine the causal relationship between the independent variable and the dependent variable which is strengthened or weakened in the presence of a moderating variable. This type of research is quantitative. The samples used 44 companies. The results showed that Profitability, Solvency and Financial Distress had a significant effect on Audit Delay. Using Company Size as a moderating variable, shows that Company Size is able to moderate the relationship of Profitability variables to Audit Delay but is unable to moderate the relationship of Solvency and Financial Distress to Audit Delay.

Influence of Audit Opinion, Financial Distress, and Audit Delay on Voluntary Auditor Switching

Audit switching refers to the practice where an organization changes its external auditor after a certain period. This is often done to enhance the independence and objectivity of the audit process, mitigate risks of complacency, and ensure fresh perspectives on financial reporting. It can also be influenced by regulatory requirements or a desire to improve the quality of the audit. The purpose of this research is to examine and analyze the effect of audit opinion, financial distress, and audit delay on voluntary auditor switching in food and beverage subsector companies listed in Indonesia Stock Exchange from 2018-2022. The sampling method was purposive sampling. This research analysis technique uses binary logistic regression analysis using the SPSS 25 software. The results showed that audit delay affects voluntary auditor switching, while audit opinion and financial distress has no effect on voluntary auditor switching.

The Effect of Profitability, Audit Opinion, Audit Committee and Company Size on Audit Delay (Study of Property and Real Estate Sector Companies Listed on the Indonesia Stock Exchange in 2021-2023)

The Effect of Profitability, Audit Opinion, Audit Committee and Company Size on Audit Delay (Study of Property and Real Estate Sector Companies Listed on the Indonesia Stock Exchange in 2021-2023)

Related party transactions and financial distress: role of governance and audit attributes

Purpose This study aims to investigate the relationship between related party transactions (RPTs), specifically sales and purchases, and financial distress. It also explores the moderating role of various corporate governance mechanisms and audit-firm characteristics in this relationship. Design/methodology/approach This study spans the period before and during the COVID-19 pandemic and uses a logistic regression model focusing on an eight-year noncylindrical panel data set, covering a sample of Omani listed companies from 2014 to 2021. Findings The empirical findings reveal a contrasting relationship between RPT sales and financial distress: a significant negative relationship in the postpandemic period, and a positive relationship in the prepandemic period. Conversely, RPT purchases exhibit a consistently significant positive relationship across all periods. The presence of a Big Four audit-firm and audit delay are notable moderating variables associated with audit-firm attributes. Additionally, the board’s review of RPT transactions, size, meetings and independence are significant moderator variables pertaining to corporate governance. Research limitations/implications This study provides empirical evidence to inform regulators of the efficiency and opportunistic aspects of RPTs in relation to financial distress. The study’s findings offer valuable guidance to managers by suggesting ways to reinforce corporate governance practices and strengthen audit mechanisms to counteract the negative consequences of RPTs. Originality/value To the best of the author’s knowledge, this study is the first to explore the direct relationship between both RPT sales and purchases and financial distress while also examining the moderating effect of corporate governance and audit attributes. This comprehensive approach distinguishes itself from its unique contributions to the field.

Determinants Impacting Audit Delays: The Case of Saudi Listed Firms

Objectives: We examined the determinants that influence the timeliness of audit reports. Methods: We used 532 observations that were collected over four years (2019 - 2022) from 133 Saudi listed firms, which were analysed using ordinary least squares (OLS) regression and relevant statistical tests (e.g. multicollinearity, autocorrelations, R-squared, adjusted R-squared, and F-value tests). Agency theory was used as a theoretical framework to gain insights about the results. Results: Audit firm size and auditee size were significant attributes that affected the timeliness of audit report lag (ARL) among financial and non-financial Saudi listed firms. Conclusion: This study provides useful insights into the determinants of ARL, as well as timely empirical evidence that complements existing literature in terms of relationships between an audit firm’s attributes and the timeliness of financial reporting.

Analisis Faktor-Faktor yang Mempengaruhi Audit Delay

Research aims to determine the factors that influence audit delay. The independent variables consist of company size (X1), profitability (X2), solvency (X3), and audit opinion (X4). The dependent variable is audit delay (Y).This sampling method is to use purposive sampling. Based on predetermined criteria, a sample of 13 companies was obtained. This research was conducted over a period of 3 years, so the total sample is 39 companies. The type of data used is secondary data taken from the company's financial reports. The analysis technique used in this research is multiple linear regression using the SPSS 25 program application. The research results show that company size has a positive effect on audit delay, profitability (ROA) has a significant negative effect on audit delay, solvency (DER) has no effect on audit delay, while audit opinion has a significant negative effect on audit delay.

The Influence of Operating Profit and Loss and the Size of The Public Accounting Firm on Audit Delay

This research aims to determine and analyze the influence of Operating Profit and Loss and the Size of the Public Accounting Firm (KAP) partially on Audit Delay. The influence of Operating Profit and Loss and Size of the Public Accounting Firm (KAP) simultaneously on Audit Delay in companies listed on IDX-MES BUMN 17 Period 2018-2022. This research uses a descriptive method with a quantitative approach. The statistical test tool uses the help of the IBM SPSS Statistics 27 version program. Operating Profit and Loss partially influence Audit Delay with a value of count 3,832 > table 2,018. The size of the Public Accounting Firm partially has no effect with a value of count -1.605 < table 2.018. Operating Profit and Loss and the Size of the Public Accounting Firm simultaneously influence Audit Delay with a value of Fcount 7.391 > Ftable 3.214. The R Square value obtained was 26.0%; the remaining 74.0% was influenced by other factors not examined in this research. Thus, the relationship between the variables in this study has a trim level of relationship. Companies should pay more attention to the timeliness of submitting financial reports, considering the importance of economic reports in decision-making. The manager evaluates the performance of each division to minimize delays in submitting financial reports. Future researchers can add independent variables and observation periods and expand the research object. Researchers want to know the extent to which these two variables play a role in influencing Audit Delay, especially in companies listed on IDX-MES BUMN 17, and can provide further information.

Determinant Of Audit Delay Among Banking Companies In Indonesia

Determinant Of Audit Delay Among Banking Companies In Indonesia

PENGARUH UKURAN PERUSAHAAN, AUDIT TENURE, AUDIT FEE DAN AUDIT DELAY TERHADAP KUALITAS AUDIT

This research aims to determine the influence of Company Size, Audit Tenure, Audit Fee, and Audit Delay on Audit Quality in food and beverage companies listed on the Indonesia Stock Exchange in 2019-2023. This type of research is quantitative research and uses secondary data in the form of audited financial reports obtained from the official IDX website. The population in this study were 43 companies in the food and beverage sector listed on the Indonesia Stock Exchange in 2019-2023 with a sample selection technique using the purposive sampling method and 12 sample companies were obtained over a 5 year period so that the data analyzed amounted to 60 data. The analysis technique used is the Logistic Regression Analysis technique with the help of the eviews 12 program. The results of this research show that simultaneously Company Size, Audit Tenure, Audit Fee, and Audit Delay have no effect on Audit Quality. Partially, company size, audit tenure and audit delay have no effect on audit quality, while audit fees have a significant effect on audit quality.

PENGARUH LEVERAGE, ROTASI KAP DAN FINANCIAL DISTRESS TERHADAP AUDIT DELAY

This study aims to determine and analyze the effect of leverage, KAP rotation and financial distress on audit delay for the period 2018-2022. The research method used is descriptive associative with a quantitative approach. The type of data used is secondary data. The data analysis technique used is multiple linear regression analysis assisted by data processing using e-views software version 12 and the confidence level used is 5%. Based on the results of the study, it shows that leverage, KAP rotation and financial distress simultaneously affect audit delay. Partially, leverage and KAP rotation do not affect audit delay, while financial distress affects audit delay.

AUDIT DELAY FACTORS OF INDONESIAN FIRMS: A BINARY LOGIT AND PANEL EGLS ANALYSIS

This study intends to determine the influence of audit opinion and firm size on audit delays with audit rotation as a mediating variable. We examined 30 firms listed in IDX Circular Letter 2020-2022 using purposive selection and secondary data from financial reports. Despite deadline extensions, these companies consistently needed to submit timely reports. The findings reveal that an unfavorable audit opinion negatively affects the rotation process, whereas a larger firm size has a positive effect. Additionally, audit opinions and rotation negatively affect audit delays, whereas company size has a positive influence. The study also shows that audit rotation partially mediates the association between audit opinion and audit delay and between firm size and audit delay. The research team acknowledges that prevailing economic conditions during data collection may affect the applicability of the results to other periods. This study implies that auditors and accountants identify the primary causes of audit delays, such as inadequate documentation, transaction complexity, and communication issues. Implementing best practices can improve financial reporting quality, reduce errors, and enhance auditor timeliness. Auditors and accountants are advised to adopt these practices to minimize audit delays.

Pengaruh Independensi Dan Gender Komite Audit Terhadap Audit Delay

The influence of audit committee independence and gender on audit delay is the subject of this research. This research was conducted using a quantitative approach combined with a descriptive approach. For this research, the data used was secondary data and the sampling technique used was purposive sampling. This research examines 33 banking companies over a period of 4 (four) years. The results of this research are that independence has a negative effect on audit delay and audit committee gender has a negative effect on audit delay. Therefore, it can be concluded that if the company has an audit committee that is independent then this can reduce the occurrence of audit delays and if the company has more female audit committees then this can reduce the occurrence of audit delays.This research aims to determine the influence of audit committee independence and gender on audit delay.