Users Of Financial Reports Research Articles

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.

CARBON ACCOUNTING INFORMATION DISCLOSURE AND INVESTORS’ ATTITUDES TOWARDS INVESTING IN NIGERIAN ECONOMY

Users of financial reports of companies have shifted their interest from only profitability to efforts of enterprises in addressing environmental problems, global climate change, carbon reduction, and their vision for green development. Business stakeholders particularly investors are more interested in investing their funds in enterprises that demonstrate commitment to de-carbonization and reduction of harmful effects of their operation on society and reporting. Reporting/disclosure is an issue in Nigeria where Carbon Accounting Information Disclosure (CAID) is voluntary. The voluntary disclosure has generated doubts about whether it has impacted on investors' attitudes to commit their funds to enterprises in the Nigerian economy. The aim of this study there is to examine the impact of CAID on the attitudes of investors to invest in enterprises in Nigeria. Data for the study were collected primarily through a questionnaire administered to a sample of investors in corporate enterprises in Nigeria. Analysis of the data was done through Partial Least Square Structural Equation Modeling (PLS-SEM). Results indicated that the disclosure has a positive and significant impact on investors' attitudes toward investing in enterprises in the Nigerian economy. The study recommended that the government should by legislation make CAID compulsory in Nigeria, especially for those enterprises whose activities have a direct impact on the environment and society.

Analisis Penerapan Penyajian Laporan Keuangan Berdasarkan SAK ETAP Guna Meningkatkan Nilai Relevansi

It is very important for companies to present financial reports in order to increase the relevance value of a company. Researchers conducted research on CV. Agung Jaya. This research aims to find out how to analyze the presentation of company financial reports in accordance with SAK ETAP in order to increase relevance value. This research uses quantitative descriptive. The data sources used were obtained through documentation and interviews. The analysis techniques used are making reports on the cost of production, making profit and loss, making reports on changes in equity, financial position reports, cash flow reports and notes to financial reports. The results of this research are CV. Agung Jaya has not fully prepared financial reports in accordance with SAK ETAP. The recording carried out is not completely efficient and effective. This discrepancy is why researchers present financial reports in accordance with SAK ETAP consisting of profit and loss reports, capital changes reports, financial position reports, cash flow reports, and notes to financial reports. Having financial reports that comply with SAK ETAP can increase the relevance value, making it easier for users of financial reports to provide company information which will result in no wrong decision making.

The Impact of Accounting Measurement on the Financial Reporting

This article provides an in-depth discussion of the impact of accounting measurement on financial reporting. After confirming the centrality of accounting measurement in financial reporting, the article analyses the impact of accounting measurement on corporate financial reporting in four accounting items: intangible assets, R&D, goodwill and pensions. The study points out that the assessment of enterprise value and stability can be significantly affected by improper measurement of intangible assets. Accurate R&D accounting measurement is essential for financial report users to reveal the true value and potential earnings of a business. Goodwill arises mainly from accounting for business combinations or mergers and acquisitions, and accurate measurement is an important basis for business risk assessment and strategic planning. Pension accounting measurement affects the prediction of future cash flows of enterprises, and therefore has an impact on the users of financial reports, especially on investors. This paper demonstrates, through five case studies, the use of accounting measures for the above four accounting subjects in actual financial reporting and their specific impact on decision makers. In conclusion, the accuracy of accounting measures plays an indispensable role in improving the transparency and comparability of financial reporting and can have a decisive impact on the decisions of investors and other stakeholders.

Pengaruh Audit Fee, Audit Tenure, dan Audit Delay Terhadap Kualitas Audit dengan Komite Audit Sebagai Variabel Moderasi

This research related to audit quality aims to prevent violations and misstatements in financial reports. Audit quality can help to maintain the level of confidence of financial report users in the validity and accuracy of financial reports that have been audited and published by the auditor. This research uses descriptive quantitative research methods because it presents an overview of the relationships and objectives of the variables studied. The results of this research state that audit fees contribute to audit quality in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (BEI) for the 2020 - 2022 period.

Pengaruh Nilai Perusahaan, Konservatisme Terhadap Opini Audit Going Concern dan Kualitas Laba

Every entity has an obligation to provide financial reports to stakeholders. Auditors have an important role as intermediaries between stakeholders as users of financial reports and entities or companies as providers of financial reports. Going concern is the ability of a business unit to maintain its survival for a reasonable period of time, which is no more than one year from the date of the audited financial statements This study aims to test two influences, namely the influence of Company Value and conservatism on the going concern audit opinion carried out by the company and the influence of Company Value and conservatism on Earnings Quality. This study took the research population from financial sector companies listed on the Indonesia Stock Exchange for the period 2019-2021. The type of data used in this study is secondary data in the form of financial reports of companies that are used as samples. The research method used in this study is a quantitative research method. The sample was selected using the purposive sampling method. For hypothesis testing, this study uses multiple linear regression analysis. Based on the results of this study, it shows that Firm Value has an effect on Earnings Quality, but Conservatism have not effect on Earnings Quality. Based on the results of this study, it shows that Firm Value has an effect on Opinion Audit Going Concern, but Conservatism have not effect on Opinion Audit Going Concern

DETERMINANTS OF TAX AVOIDANCE IN INDONESIAN TECHNOLOGY LISTED COMPANIES

This study examines the effect of Profitability (Return On Sales and net Profit Margin), Sales Growth and Business Strategy on Tax Avoidance practices and Financial Distress as moderators suspected of influencing corporate tax avoidance practices. The quantitative method used in this study, multiple linear regression, is the right choice for conducting further analysis, with a range of observations of financial reports on technology companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023, with a purposive sampling technique to ensure obtaining information related to the measurement indicators used, in 15 qualified companies, using IBM SPSS Statistics 26.0. The study concluded that Return On Sales, Net Profit Margin, and Business Strategy influenced Tax Avoidance practices. In contrast, the Sales Growth variable did not influence Tax Avoidance, and Financial Distress only moderated the effect of ROS on Tax Avoidance. In practice, not all management strategies to increase sales absorb too high costs, so financial managers do not choose to practice tax avoidance. The implications of this study are expected to provide an overview to users of financial reports, especially external parties, to assess the firm's performance in complying with its tax obligations based on the factors in this study.

The Influence of Profit Persistence, Capital Structure, and Dividend Policy on Earnings Quality

This research is motivated by the fact that currently profit is very important for investors and other users of financial reports to understand. Quality profits can be used to make the right decisions, therefore profits are still very important to discuss. This study aims to analyze the effect of profit persistence, capital structure, and dividend policy on earnings quality. This type of research is quantitative research with secondary data sources. The population in this study is 75 energy sector companies listed on the Indonesia Stock Exchange in 2018-2022. The sample selection method used in this study is purposive sampling so that the final sample obtained by this method is 14 companies with 5 years of research obtained 70 data. The research results show that simultaneously the variables of profit persistence, capital structure and dividend policy have an effect on earnings quality. Then, partially, the earnings persistence and capital structure variables have no effect on earnings quality. Meanwhile, the dividend policy variable influences earnings quality. Based on the research results, it can be concluded that companies that have increasingly consistent profits and companies that use funds originating from debt will not influence the high or low quality of the profits produced by the company, while companies that have a higher dividend policy will have a higher quality of profits produced by the company.

Pengaruh Penerapan Aplikasi Sakti dan Kompetensi SDM terhadap Kualitas Penyajian Data Keuangan LAKIP TA 2023 di RSPAL dr. Ramelan Surabaya

This research is aimed at determining the impact of the application of reasonable applications and human resources competencies on the quality of presentation of financial data in LAKIP Year 2023 at RSPAL Dr. Ramelan Surabaya. This research uses quantitative methods on populations that include administrative, financial, program, and budget staff, the drafting team, and users of financial reports for LAKIB Year 2023. Simple random sampling technique or stratification of samplings of 39 people. Data collection technique using a Likert scale questionnaire. Data analysis techniques using decryptive statistics and inferential statistics with the help of SPSS software version 27. The results of this study found that the implementation of accurate applications has a positive and significant impact on the quality of presentation of financial data in LAKIP year 2023 of 79.2%. Human resources competence has a positive and significant impact on the quality of presentation of financial data in LAKIP year 2023 by 77.1%. Applying of Sakti application and human resources competence combined have a positive impact and significant influence on the presentation quality of financial information LAKIB year 20–23 by 80.5%. Furthermore, the remaining 19.5% is another variable contribution that the researchers have not observed thoroughly in this research.

Corporate reporting by cooperatives: Mapping the landscape and identifying determinants

Cooperatives conform to a model that is different to what is normally understood to be an enterprise, with distinctive interpretations of property rights, governance, and values. A unique characteristic of cooperatives’ corporate reporting is it essentially addresses member-owners, and not shareholders. Despite this, most research has been performed from the perspective of investor-owned firms. The aim of this study is to obtain an understanding of the nature and extent of the adoption of corporate reporting conventions, and to identify the determinants of such adoptions by cooperatives, by means of ordinal regression and binary logistic models on a sample drawn from the Global Top 300 cooperatives. Despite the expectations implicit in the differences in the users of financial reports (cooperative members), there was a lack of cooperative-specific reporting in that the most common categories of published corporate reports are still annual reports and annual financial statements. Approximately half of the cooperatives publish environmental and social reports, governance reports and/or management reports, while only a miniscule number publish integrated reports. Results also suggest the stakeholder, legitimacy, institutional, transaction cost and agency theories help to explain the determinants for the of adoption of corporate reporting. We have identified common determinants (market, country and institutional factors) for the adoption of cooperative reporting, as well as idiosyncratic determinants that are unique to cooperative entities. We found that cooperatives with external shareholders are more likely to adopt environmental and social, management and governance reporting. Idiosyncratic determinants indicated that cooperatives who more assertively draw their attention to their identity are more likely to adopt annual reporting. Cooperatives who limit the distribution of profits to members only are also more likely to adopt management reporting.

THE ROLE OF INTERNAL AUDIT IN IMPROVING THE QUALITY OF FINANCIAL REPORTS

The current research aims to test the impact of internal audit in improving the quality of financial reports within the sample of the study, 230 questionnaires were distributed to auditors and accountants working in companies listed on the Iraq Stock Exchange and were subjected to a set of statistical tests and concluded that the internal auditor has a significant role in improving the quality of financial reports and The importance of users of financial reports in making rational investment decisions and also metrics based on the main characteristics of financial reports are one of the most critical measures of the quality of financial reports.

Pengaruh Penerapan Remote Audit pada Kualitas Audit Internal Pasca Pandemi Covid-19

Despite the challenges encountered in the field, audit quality within the scope of internal audit remains a top priority. The study outlines the ways in how remote audits impact audit quality and the approaches implemented by internal auditors to enhance audit quality. Examining the effect of remote auditing on audit quality is appropriate given the COVID-19 pandemic. This combination of auditor competence and time budget pressure to moderate the effect of remote audits on internal audit quality are also addressed in this study. Survey data is used in this study to measure how far APIP in East Java Province began using remote auditing after the epidemic. SmartPLS is used in the analytical method combined with the Structural Equation Modeling (SEM) model such as reliability and convergent validity test, discriminant validity test and PLS path algorithm and bootstrapping test. The research questionnaire's are measured using a Likert scale (1-7). Remote audits have a positive effect on improving internal audit quality, according to the result of a survey conducted towards 76 out of 100 internal auditors. But auditor competence and time budget pressure does not significantly moderate such a relationship. The research's conclusions have significance for practitioners looking to improve audit quality in remote audits and may benefit users of financial reports to comprehend the level of audit quality in remote audits

A text extraction framework of financial report in traditional format with OpenCV

Due to intensified off-balance sheet disclosure by regulatory authorities, financial reports now contain a substantial amount of information beyond the financial statements. Consequently, the length of footnotes in financial reports exceeds that of the financial statements. This poses a novel challenge for regulators and users of financial reports in efficiently managing this information. Financial reports, with their clear structure, encompass abundant structured information applicable to information extraction, automatic summarization, and information retrieval. Extracting headings and paragraph content from financial reports enables the acquisition of the annual report text’s framework. This paper focuses on extracting the structural framework of annual report texts and introduces an OpenCV-based method for text framework extraction using computer vision. The proposed method employs morphological image dilation to distinguish headings from the main body of the text. Moreover, this paper combines the proposed method with a traditional, rule-based extraction method that exploits the characteristic features of numbers and symbols at the beginning of headings. This combination results in an optimized framework extraction method, producing a more concise text framework.

THE INFLUENCE OF COMPANY SIZE ON AUDIT REPORT LAG IN COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE

A financial report audit has the aim of providing an opinion regarding the fairness and conformity of financial reports with applicable principles. Financial report audits are carried out to provide assurance of the reliability of financial reports. Financial reports are a means of communication and accountability for internal company parties to external parties, especially for companies that go public. Company financial reports contain information that is a tool for stakeholders and users of financial reports in making decisions. To ensure that financial reports are useful in decision making, reliability and timeliness (relevance) are very important. If there is a delay in reporting financial reports, this can affect users of financial reports in making decisions and predictions.

Detecting Earnings Management And Earnings Manipulation In Indonesia: A Panel Data Analysis

This research aims to measure the quality of profits in non-financial sector companies in Indonesia regarding the extent to which the Company's financial reports are trustworthy to stakeholders. In this research, discretionary accruals are an indicator for measuring earnings manipulation, and non-discretionary accruals are an indicator for measuring earnings management. Secondary data is from annual reports of non-financial sector companies on IDX in 2020-2022. The sample for this research is non-financial sector companies, including the raw materials, manufacturing, and service sectors. Our research uses a modified Jones Model to estimate earnings management and earnings manipulation. The data analysis technique uses panel data regression. The research results show that the value aspect of discretionary accruals significantly influences total accruals. In contrast, the value of non-discretionary accruals does not significantly impact total accruals. This research is expected to help auditors, users of financial reports, and accounting standards bodies identify companies that fraud.

Analisis Penerapan Standar Akuntansi Keuangan Entitas Mikro Kecil dan Menengah ( SAK EMKM ) Dalam Penyusunan Laporan Keuangan Pada Bakpia Gading Banyakan Kab. Kediri

Micro, small and medium enterprises (MSMEs) usually carry out financial recording and reporting in a simple manner, which is not in accordance with applicable financial reporting standards. This can mislead users of financial reports. The preparation of financial reports using Financial Accounting Standards (SAK) for MSMEs is expected to provide clear guidelines in recording and presenting MSME financial reports. The aim of this research is to find out how SAK EMKM is applied to company financial reports (Case Study of Bakpia Gading Kediri). This research is a quantitative descriptive research on the application of SAK EMKM to financial reports at Bakpia Gading Kediri with a research time limit of 1 month in January 2022. The data source in this research is primary data obtained from the company directly. Data collection techniques are carried out through interviews and documentation. The data analysis technique in this research is quantitative descriptive. The results of the research show that Bakpia Gading in preparing financial reports has not implemented or used financial reporting guidelines that are in accordance with the applicable SAK EMKM, the company only prepared very simple reports.

Two-tier board characteristics and expanded audit reporting: Evidence from China

This paper investigates the relationship between the characteristics of the two-tier board structure (board of directors and supervisory board) and the disclosure of key audit matters (KAMs) in the expanded audit report. Using a sample of 10,857 firm-year observations of Chinese listed firms spanning the 2017–2020 period, we offer two main results. First, with regard to the board of directors, we find that the auditor discloses a greater number and lengthier content of KAMs when there is a CEO duality and the board meetings are more frequent. Second, conversely, we find that the size and independence of the supervisory board are related to a lower number and length of KAMs disclosure. When we distinguish between account-level KAMs and entity-level KAMs, our further analysis shows that our results are principally associated with account-level KAMs rather than entity-level KAMs. Specifically, we find that CEO duality and the frequency of board of directors meetings are positively related to account-level KAMs. We also find that the size and independence of the supervisory board are negatively related to account-level KAMs. Our further analysis also shows evidence that these two-tier board structure characteristics are associated with the tone of KAMs disclosure in a consistent fashion. Our findings are robust and address endogeneity problems. Overall, our results suggest that the characteristics of the two-tier board structure drive KAMs disclosure, which should be of interest to regulatory bodies, policymakers, auditors, multinational firms, and users of financial reports.

Assistance in preparing financial reports for houses of worship with ISAK 35 standards in Sorong

Houses of worship in Sorong City have not recorded financial reports according to standards and carry out bookkeeping using manual recording. Therefore, this activity aims to provide assistance in preparing financial reports for places of worship with the ISAK 35 standard. The method of implementing the service is carried out by giving presentations accompanied by direct interactive discussions between the implementing lecturer team and participants who come from members of the Religious Communication Forum in Sorong City. There are 30 partners involved in community service, consisting of 2 students, 3 lecturers, 5 administrators each of places of worship (churches, temples, mosques and monasteries) and 5 partners who assist in broadcasting worship. Based on the results of observations and interviews conducted by the service team using random sampling of participants, it can be concluded that implementing community service can provide new insights and knowledge for participants regarding the preparation of financial reports and an understanding of the importance of accurate and accountable reports. By taking part in assistance in preparing financial reports, apart from listening to explanations in preparing financial reports, the participants also held discussions regarding the obstacles faced in managing funds and reporting that is appropriate and easy to understand by users of financial reports and technology.

The impact of the corporate risk management model on the quality of financial reports in Jordanian commercial banks

The objective of this study is to empirically elucidate the influence of the corporate risk management model on the quality financial reports within the context of Jordanian commercial banks, with a specific focus on two critical dimensions: relevance and faithful representation. According to signal theory, each company tries to reduce information asymmetry by providing high-quality of financial reports that have the ability to demonstrate their qualities, depending on that concept. The predominant trend in contemporary practice is the utilization of risk management as a tool to elevate the quality of financial reports. This, in turn, assists in curtailing the manipulation of financial reports, culminating in the issuance of reports characterized by credibility and transparency. This, in turn, reflected on all different users of financial reports in the decision-making process. To accomplish the study's objectives, a descriptive-deductive (analytical) research approach was adopted. The research population encompassed a total of thirteen commercial banks operating at Jordan. Data were collected through a structured questionnaire administered to a randomly selected sample of 234 employees from the financial and supervisory departments of these banks. The study's results strongly suggest that the risk management model has a big effect on the quality of financial reports in Jordanian banks. This model includes things like setting goals, event identification, risk assessment, risk response, supervisory activities, and the evaluation of the financial reporting system.

Climate‐related performance and stock price crash risk

AbstractWe examine how environmental performance affects future stock price crash risk. Previous literature shows that legitimacy threats, stemming from environmental risk, lead firms to be particularly sensitive about environmental disclosure and performance. However, we hypothesise and find that under specific conditions, relating to lower operating performance, firms that have higher environmental performance also have higher future stock price crash risk. Further analysis shows that such firms may also have lower readability and more confident tone in their 10‐K annual reports. We attribute these findings to impression management utilising environmental performance along with disclosure misdirection practices, where managers of firms with negative news, attempt in some cases to draw the attention of the users of financial reports by obfuscating annual reports for bad news hoarding purposes. Even though in the current year such practices may have a negative effect for stock price crash risk, future stock price crash risk increases due to the dissemination of the negative news in the market. Overall, our results show that environmental disclosure may be used, under certain conditions, as a tool for impression management, which along with financial reporting distraction practices, leads to higher future stock price crash risk.