Timeliness Of Reports Research Articles

Timeliness of Local Government Financial Reporting: Evidence From Indonesia

This research analyzed the determinant of timeliness of local government financial reporting on the financial statements of 508 local governments from 2015 to 2019 financial periods in Indonesia. With secondary data based on the total sampling method, this research used a panel data regression fixed effect model. This study found that financial control and local government revenues positively affected the timeliness of local government financial reporting, local government capital expenditures and the complexity of local governments. Each had an insignificant positive and negative effect on local government financial reporting timeliness. From this study, local governments must increase the capacity of financial supervisors, so the process of financial supervision of local governments can run well, from planning and implementation to reporting on LKPD.

Implications of Audit Quality on Agency Conflicts: Evidence from Nigeri

This study examined the link between audit quality and agency costs in Nigeria corporate environment. Specifically, the study examined the way audit quality represented by audit firm size affect agency conflicts represented by asset utilization rate, and whether timeliness of the audit report alters the nexus between audit quality and agency conflicts in Nigeria. The data were collected from seventy-three (73) listed non-financial firms who consistently published their annual reports between 2010 and 2019 out of the one hundred and twelve (112) non-financial firms listed on the Nigerian Stock Exchange as of 31st December 2020. Descriptive statistics tools of mean and standard deviation as well as correlation analysis were used for preliminary analysis while fixed effect panel regression was used for the multivariate analysis. Feasible generalize least square was used to estimate the model for robustness check in addition to the use Tobin’s Q as alternative proxy for agency conflicts. The results were obtained by controlling for firm size, firm performance, and firm age. The results of the study revealed a significant negative impact of audit quality on agency costs implying that firms audit by big four have significantly lower agency costs compared to firms audited by other audit firms. Further analysis of the results shows that the positive effect of audit report lag overwhelms the negative influence of audit firm size on agency costs suggesting that using big 4-audit firm would not mitigate agency conflict if the audit report lag is higher. These findings are robust to alternate estimation technique and proxy for agency costs. This study therefore recommends that firms should not only patronize big 4-audit firm to mitigate agency conflict, they must ensure timely audit report.

Corporate Governance on Financial Report Timeliness among Quoted Non-financial Firms in Nigeria

Corporate Governance on Financial Report Timeliness among Quoted Non-financial Firms in Nigeria

Urgensi Penerapan Teknologi Informasi Pada Sistem Surveilans Kesehatan Masyarakat

This editorial aims to describe the urgency and potential of applying information technology to public health surveillance systems. Health surveillance is closely related to the information generated and will be used for planning, implementation, and evaluation of public health efforts. This information must arrive on time to those who need it and can be utilized to prevent and control public health problems. It is necessary to apply information technology in the surveillance system to increase efficiency and productivity without eliminating the key role of humans. The application of information technology can also be a solution to the limitations of the surveillance system, especially in the timeliness of reports, the lack of routine publication of surveillance profiles, the lack of data analysis carried out, and the lack of analytical capabilities.

An Empirical Research on Audit Report Timeliness

Timeliness is an accounting principle that reflects economic value and relevance. Time­liness in releasing financial statements can provide relevant information and can influence decisions. This empirical study aims to examine the effect of company and audit characteristics on the timeliness of audit reports. This study uses a panel regression analysis methodology on 115 Indonesian companies listed on the Indonesia Stock Exchange from 2017-2021. This study concludes that company characteristics have a significant effect on the timeliness of audit reports. Based on the results of empirical testing, larger audit complexity, firm size, and debt-equity lead to shorter audit delays, on the other hand, negative profits and ownership concentration cause longer delays. The implications lead to more timely reporting and an appropriate decision-making process.

The Effect of Audit Firm Reputation and Busyness on Financial Reporting Timeliness: The Moderating Role of Client Complexity and Floatation of Exchange Rate Empirical Evidence from Egypt

The Effect of Audit Firm Reputation and Busyness on Financial Reporting Timeliness: The Moderating Role of Client Complexity and Floatation of Exchange Rate Empirical Evidence from Egypt

The Effect of Managerial Ability on the Timeliness of Financial Reporting: The Role of Audit Firm and Company Size

Effective decision-making relies on access to timely and accurate information, which is widely regarded as a valuable asset in the capital market. Accounting information is no exception, and it is critical for managers to provide such information promptly to advance their firms' economic activities. This study investigates the relationship between managers' ability and the timeliness of financial reporting, testing three research hypotheses through linear regression analysis. The statistical population comprises 115 firms listed on the Tehran Stock Exchange between 2012 and 2021, with 1150 firm-year observations. The delay in the auditor's report serves as a proxy for financial reporting timeliness. Managers' abilities are measured using Demerjian et al.'s model [1]. The findings reveal a significant, positive relationship between managerial ability and the timeliness of financial reporting, indicating that higher managerial ability is associated with lower financial reporting delay. Additionally, the results suggest that the relationship between managerial ability and financial reporting timeliness is moderated by the size of the auditing firm and the firm itself.

Audit Report Timeliness Before and During the COVID-19 Pandemic: Evidence from the Market Reaction

ABSTRACT This study investigates the market response to the timeliness of audit reports, specifically before and during the coronavirus disease 2020 (COVID-19) pandemic. We use the earnings response coefficient (ERC) as our proxy to assess the market reaction to the timeliness of audit reports. We applied the purposive sampling method to all companies listed on the Indonesia Stock Exchange (IDX), except for the financial industry, and obtained 977 firm-year observations as our final sample. Using linear multiple regression models in our analysis, we discovered no indication of a market response to the timeliness of audit reports for our full sample during 2018–2020. However, we find evidence that during the COVID-19 pandemic in 2020, the market reacted more positively to the audit report timeliness compared to the pre-COVID-19-pandemic period. Our results indicate that investors were more tolerant of delayed audit reports during the COVID-19 pandemic due to the increased audit efforts and longer time needed to gather sufficient evidence to issue audit reports.

Timeliness of online COVID-19 reports from official sources.

Making epidemiological indicators for COVID-19 publicly available through websites and social media can support public health experts in the near-real-time monitoring of the situation worldwide, and in the establishment of rapid response and public health measures to reduce the consequences of the pandemic. Little is known, however, about the timeliness of such sources. Here, we assess the timeliness of official public COVID-19 sources for the WHO regions of Europe and Africa. We monitored official websites and social media accounts for updates and calculated the time difference between daily updates on COVID-19 cases. We covered a time period of 52 days and a geographic range of 62 countries, 28 from the WHO African region and 34 from the WHO European region. The most prevalent categories were social media updates only (no website reporting) in the WHO African region (32.7% of the 1,092 entries), and updates in both social media and websites in the WHO European region (51.9% of the 884 entries for EU/EEA countries, and 73.3% of the 884 entries for non-EU/EEA countries), showing an overall clear tendency in using social media as an official source to report on COVID-19 indicators. We further show that the time difference for each source group and geographical region were statistically significant in all WHO regions, indicating a tendency to focus on one of the two sources instead of using both as complementary sources. Public health communication via social media platforms has numerous benefits, but it is worthwhile to do it in combination with other, more traditional means of communication, such as websites or offline communication.

Tournament incentives and audit report lag: Further evidence

Organizations design their executive compensation such that there is a significant variance between the remuneration of the chief executive officer (CEO) and senior executives directly below them. This introduces a tournament among the top executives to determine who among them is best suited to succeed the current CEO. The tournament incentivizes the top executives to engage in behaviors that will enhance their chances of being champions in the tournament and consequently succeeding the current CEO of the organization. We research the impact of tournament incentives on financial information accuracy and timeliness. Specifically, we analyze the disparity between the remunerations of CEOs and other top five senior executives. We use the audit report lag as a proxy for financial information timeliness. After analyzing a total of 2,213 firm-year observations spanning from 2010 to 2018, we conclude that auditors’ perception plays a significant role in how tournament incentives relate to the timeliness of audit reports. We show that auditors may inadvertently discount the behaviors of senior executives involved in tournaments. We also show that senior executives involved in tournaments may engage in misbehavior through accruals earnings management. They may also engage in collaboration and positive effort. We find that audit report lag relates negatively to both tournament incentives and financial analyst following. Financial analysts following mediate the association between audit report lag and tournament incentives. Yet, audit report lag relates positively to accrual earnings management. Our results indicate that executive behavior, conditional on tournament incentives, significantly influences audit report lag. They further suggest that the financial analysts’ monitoring effect continues to work even in tournament situations. For the robustness test and to allay endogeneity concerns in our model, we perform a 2SLS test.

Drop a Line, Submit on Time? Randomized Tailored Reminders Improve Pollution Reporting Timeliness

Drop a Line, Submit on Time? Randomized Tailored Reminders Improve Pollution Reporting Timeliness

DENETİM RAPOR ZAMANLILIĞI: TÜRKİYE ÖRNEĞİ

Audit report timeliness is not an area that has never been studied before in the academic literature. Although there are very few academic studies on the subject in the national literature, there are some studies in the international literature. This study contributes to the literature in two aspects. First, unlike previous studies, key audit matters were included in the analysis as an independent variable that could affect audit report timeliness. Second, in this study, unlike previous studies, an analysis was carried out by using non-parametric statistical methods instead of regression analysis used in other studies. To the best knowledge, there is no study in the literature that has these features.

The Impact of Corporate Governance Factors and the COVID-19 Pandemic on the Publishing Date of Annual Reports of UK Listed Companies

The aim of the current study is to examine the role of corporate governance structure and the COVID-19 pandemic on the issuing date of annual reporting of UK non-financial institutions. The corporate governance factors that were examined are: audit committee; board characteristics; ownership structure. To achieve the study objective, the sample’s data was collected from the financial reporting of companies listed on the London Stock Exchange during the period 2008 to 2021. To examine the effect of COVID -19, the sample was spilt into two groups: before and after 2019. The data collected was analysed by using the panel regression random effect method; the issuing date of annual reporting was measured by counting the number of days that passed between year-end and the date of the issuing of financial reports. The study’s findings show that there is a significant relationship between board size, independency of board, audit independence, audit experience, and the issuing date of annual reports. Moreover, after splitting the study’s sample, the empirical results supported that the COVID -19 pandemic has a negative effect on the corporate governance mechanisms that enhance the issuing date of annual reports. The study extends prior studies with evidence that demonstrates a relationship between issuing date (timeliness) of annual reports and the strength of corporate governance during the COVID-19 pandemic, and consequently, these findings confirm that corporate governance factors and auditing process enhance annual reporting quality.

MODERATING EFFECT OF AUDIT LIBERTY ON REPORTING TIMELINESS OF NON-BANK FINANCIAL FIRMS IN NIGERIA

This study examined the impact of auditors' liberty on the timely submission of audit reports by financial institutions in Nigeria (2011-2020). For the study, two research hypotheses were developed, and tested based on the purview of ex-post facto research design. All financial firms quoted and trading on the Nigerian Exchange Group (NGX) as of December 31, 2021, were included in the study's population. Twenty-three (23) financial firms were chosen as a sample. The Nigerian Exchange Group (NGX) website and the annual reports provided by the sampled companies themselves served as the study's primary secondary sources of data. The hypotheses were validated using random effect least squares regression. The study found that audit fees have a significant negative impact on timely submission of audit reports, but that the gender diversity of the audit committee had no mitigating influence on this relationship. In light of the findings, the report suggests, among other things, that businesses hire audit firms with more experience who will prioritize professionalism and due diligence over any pressure brought on by large or low fees. In order to avoid spending more than is necessary without sacrificing audit quality and timely reporting, the study also advised organizations to budget an ideal amount for audit expenses. Other research can be done on additional particular elements that influence audit report latency in manufacturing firms and the oil and gas industry.
 Keywords: Audit Liberty, Audit Fee, Audit Committee Gender Diversity, Audit Report Timeliness.

PP96 Joint Clinical Assessments – Implementation And Lessons For The Next Stage Of EU HTA

IntroductionThe European Network for Health Technology Assessment (EUnetHTA) was a voluntary cross-border initiative on HTA harmonization established by European Commission in 2005. Between 2016-2021, EUnetHTA completed 56 Joint Assessments (28 drugs; 28 other technologies) including 14 reviews of COVID treatments.MethodsWe conducted a review of the 14 EUnetHTA joint assessment reports of drugs in non-COVID 19 indications. We cross-referenced recommendations with national guidance in 30 member countries (including UK) and conducted an analysis of time to national assessment, choice of comparator, direct reference to EUnetHTA assessment, and time to reimbursement decision.ResultsSix products in oncology, 2 in endocrine and metabolic diseases, 2 in infectious and parasitic diseases, and cardiovascular, digestive system, eye disorders and central nervous system (one each) were identified. On average, EUnetHTA published its recommendation 52 days after market authorization for oncology products and 33 days for non- oncology products. EUnetHTA recommendations considered on average 4 comparators (range 1-8) as part of the assessment. All of the 6 oncology products have been assessed by national HTA bodies, however uptake was low with an average of 5 reports referencing the EUnetHTA report. Similarly for the non-oncology products assessed only 3 of 30 HTA bodies cite the EUnetHTA report. Citing HTA bodies were: AETSA (Spain), HAS (France), INFARMED (Portugal), NoMA (Norway), and TLV (Sweden). There was no clear reduction in the time to reimbursement for these products in these markets.ConclusionsAccording to EUnetHTA, there has been an increased use and dissemination of joint assessment reports since 2016. Our analysis shows that the level of implementation across countries is heterogeneous despite publication of the EUnetHTA reports shortly after market authorization. The future the EU HTA will depend on the timeliness, rigor and transparency of joint clinical assessment reports and improved uptake of these reports at a national level.

Implementation Level of Event-Based Surveillance (EBS) as Surveillance Core Capacity Under International Health Regulation in Sudan, 2020: Cross-Sectional Study

Background: Surveillance system of infectious diseases and event is recognized as the cornerstone of public health decision-making and practice additionally, the international health regulation requested counties to implement other type of surveillance to support the routine surveillance system and to increase the detection rate and sensitivity in reporting the diseases, event, or any public health emergency with international concern (PHEIC). The aim of this study to assess the implementation level of event-based surveillance systems to ensuring that the system implemented efficiently and effectively. Methods: descriptive cross sectional institutional based study conducted for all 18 surveillance officer at states to assess the implementation level of event-based surveillance system as core capacity under the international health regulation 2005 (IHR), Data was collected using a per-prepared and pretested questionnaire followed WHO/EMRO tools for surveillance staff at state level felt through field visit and phone calls, data collection also cover the community based surveillance and surveillance system at point of entry as part of event based surveillance, interview done for surveillance focal person at federal level. Data were analyzed using Statistical Packages for Social Sciences (SPSS) (version 20). Written and verbal consents were obtained from all participants as appropriate. Results: Event based surveillance started in 2016 endorsement and approval of guidelines SOPs and training materials has been develop in 2017 so the study showed significant positive changes in implementation of this system for that the results showed the system implemented in all 18 states, availability of guidelines and SOPs at state level 72.2%, completeness, and timeliness of system data 94.4%, designated focal person in the surveillance structure at state level 94.4%. community Based Surveillance (CBS) implementation Results at states level -Sudan from 2017 – 2020 the result showed the system has been implemented in 17 states (94.4%), the percentage of assigned focal person for the system was 94.1 – trained volunteer at community level 94.4% and availability of system guidelines was 94.1%, the availability of system SOPs 88.2%. The study results also showed the percentage of 94.4 for definition of CBS syndromes, immediate response for event reported was 94.4%, Daily and weekly reports completed send by community volunteers was 94.4% and availability of reporting forms was 94.1% also percentage of 70.6% for system data base and shared the report with the partners. Point of entry Surveillance (PoE) implementation at the states level Results showed that the surveillance at points of entry has been fully implemented in 6 state 46.1% which it had point of entry and it has been designated by IHR, the system had focal person, the training done for all staff with availability of system guidelines and SOPs all this done by 100% 83.3% of point of entry reported Daily and weekly reports, the percentage of report completeness and timeliness was 66.7% with 83.3% for the zero report when no event of cases reported, availability of system data base and documentation for the events and cases reported through the system was 83.3%. Conclusion: The study showed significant positive changes in implementation of event-based surveillance system under the international health regulation, based on the finding the study recommended that, rapid and early response for the reported cases and rumors or any other event from the locality and state level, Regular refresh, and basic training for surveillance staff internally and external training and strengthen the data management mechanism.

Innovative approach to monitor performance of integrated disease surveillance and response after the Ebola outbreak in Sierra Leone: lessons from the field

BackgroundSupervision of healthcare workers improves performance if done in a supportive and objective manner. Regular supervision is a support function of Integrated Disease Surveillance and Response (IDSR) strategy and allows systematic monitoring of IDSR implementation. Starting 2015, WHO and other development partners supported the Ministry of Health and Sanitation (MoHS) to revitalize IDSR in Sierra Leone and to monitor progress through supportive supervision assessments. We report on the findings of these assessments.MethodsThis was a cross-sectional study where six longitudinal assessments were conducted in randomly selected health facilities. Health facilities assessed were 71 in February 2016, 99 in July 2016, 101 in May 2017, 126 in August 2018, 139 in February 2019 and 156 in August 2021. An electronic checklist based on selected core functions of IDSR was developed and uploaded onto tablets using the Open Data Kit (ODK) platform. Supervision teams interviewed health care workers, reviewed documents and made observations in health facilities. Supervision books were used to record feedback and corrective actions. Data from the supervisory visits was downloaded from ODK platform, cleaned and analysed. Categorical data was summarized using frequencies and proportions while means and medians were used for continuous variables. Z test was used to test for differences in proportions.ResultsCompleteness of IDSR reporting improved from 84.5% in 2016 to 96% in 2021 (11.5% points; 95% CI 3.6, 21.9; P-value 0.003). Timeliness of IDSR reports improved from 80.3 to 92% (11.7% points; 95% CI 2.4, 22.9; P-value 0.01). There was significant improvement in health worker knowledge of IDSR concepts and tools, in availability of IDSR standard case definition posters and reporting tools and in data analysis practices. Availability of vaccines and temperature monitoring tools in health facilities also improved significantly but some indicators dropped such as availability of IDSR technical guidelines and malaria testing kits and drugs.ConclusionSupervision using electronic tool contributed to health systems strengthening through longitudinal tracking of core IDSR indicators and other program indicators such as essential malaria commodities and availability and status of routine vaccines. Supervision using electronic tools should be extended to other programs.

Effect of Corporate Governance Compositions on Financial Reporting Timeliness in Nigerian Deposit Money Banks

This study ascertained the effect of corporate governance compositions on timeliness of financial reporting in deposit money banks in Nigeria. Ex Post Facto research design was employed for this study. Purposive sampling was used to select eight (8) deposit money banks in Nigeria with international authorization. Data were extracted from annual reports and accounts of the sampled banks and analyzed with regression analysis. The results show that board size has a positive and significant effect on financial reporting timeliness deposit money banks in Nigeria, while audit committee independence has a positive but insignificant effect on financial reporting timeliness of deposit money banks in Nigeria. Therefore, on the basis of the findings and conclusions of the study, the study recommends among other things that the number of banks board of directors should play a vital role in how well it can oversee daily operations of the institution and monitor management.

Corporate Attributes and Timeliness of Financial Reporting in Nigeria

This study examined the effect of corporate attributes on timeliness of financial reporting of quoted firms in Nigeria. The objective was to investigate the relationship between corporate attributes and timeliness of financial reporting. Cross sectional data was sourced from financial statement of quoted firms. Number of days was modelled as a function of total assets, age, profitability and number of employees. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model. The result found that profitability and age have positive relationship with timeliness of financial report on financial reports of the selected firms. The panel unit root proved that the variables are stationary at first difference while the causality test found one unidirectional relationship total assets to timeliness of financial reporting. From the regression summary, the study concludes that corporate attributes have significant relationship with timeliness of financial reports. We recommend that corporate attributes that affect negatively timeliness of financial reporting should be discouraged or properly managed and factors that enhance timeliness of financial reporting should be encouraged

Lessons Learned From the Capacity-Building and Mentorship Program to Improve Health Information Systems in 11 Districts of Ethiopia.

Health information systems (HIS) performance in Ethiopia is currently insufficient, and improvements are required to ensure that decision making is data driven. We share our experiences from the early-stage implementation of a package of HIS capacity-strengthening interventions as part of an innovative academic-government collaboration that addresses challenges in HIS performance. We used routine program data to assess HIS performance using the Performance of Routine Information System Management (PRISM) assessment tools. The assessment employed a pre-post design and was conducted in a total of 24 selected health facilities (6 hospitals and 18 health centers) from 11 districts in Ethiopia at project baseline (2018) and midline (2020). Source document completeness rate reached less than 80% for the majority of the assessed data elements. Improvements were observed in quarterly report completeness (26% vs. 83%) and timeliness (17% vs. 48%). Though data inaccuracies are noted for all assessed data elements in 2020, the majority (83%) of skilled birth attendance and HIV reports (68%) fall within the acceptable range of reporting accuracy. The identification of performance-related problems, using performance monitoring team (PMT) meetings, improved between 2018 and 2020 (67% vs 89%). Similar improvements were also observed in developing action plans to solve identified problems via the PMT (52% in 2018 vs. 89% in 2020). Data use for planning and target setting (65% in 2018 vs. 90% in 2020), reviewing performance (58% in 2018 vs. 60% in 2020), and supervision (51% in 2018 vs. 53% in 2020) all improved among assessed health facilities. This study showed that a capacity-building and mentorship program that engages experts from multiple disciplines and sectors can improve the quality and use of health data. This partnership enabled engagement between government and academic stakeholders and allowed for a more robust exchange of resources and expertise toward HIS improvement.