Factors Affecting Audit Report Lag (Empirical Studies on Manufacturing Listed Companies on the Indonesia Stock Exchange)
DOI:
https://doi.org/10.9744/ijbs.4.1.44-54Keywords:
Audit Report Lag, Company Size, Company Age, DER, ROA, Audit Opinion, Auditor ReputationAbstract
The objective of this research is to determine whether Company Size, Company Age, Debt to Equity (DER), Return on Assets (ROA), Audit Opinion, and Auditor Reputation have a significant effect on Audit Report Lag. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange in the period 2015 to 2019. The study used 93 companies as samples, a total of 490 samples as a whole. The data analysis technique used is multiple linear analysis and the results obtained are that the DER variable has a significant positive effect, while ROA and Audit Opinion have a negative effect on the audit report lag. The variables of company size and auditor reputation do not have a significant effect, while the variable of company age has a significant positive result but is contrary to the initial expectations.
References
Abbott, L. J., Parker, S., & Peters, G. F. (2012). Internal audit assistance and external audit timeliness. Auditing: A Journal of Practice & Theory, 31(4), pp. 3-20.
Abdillah, M. R., Mardijuwono, A. W., & Habi-burrochman, H. (2019). The effect of company characteristics and auditor characteristics to audit report lag. Asian Journal of Accounting Rese¬arch, 4(1), 129–144.
Alali, Fatima & Randal Elder (2014). Determinants of audit report lag in the banking industry: Updated evidence. International Journal of Accounting, Auditing and Performance Evaluation.
Amani, Fauziyah Althaf & Indarto Waluyo. (2016). Pengaruh Ukuran Perusahaan, Profitabilitas, Opini Audit, dan Umur Perusahaan Terhadap Audit Delay (Studi Empiris pada Perusahaan Property dan Real Estate yang terdaftar di Bursa Efek Indonesia pada Tahun 2012-2014), Jurnal Nominal, 5(1).
Angruningrum, S., & Wirakusuma, M. G. (2013). Effect of Profitability, Leverage, Operasional Complexity, CPA Firm Reputation, and Audit Committee on Audit Delay. E-Jurnal Akuntansi. [S.1], 5(2), 251–270.
Annisa, Mutiara Lusiana & Ruth Samantha Hamzah. (2020). Influence of Debt to Equity Ratio, Return on Asset Ratio, and Firm Size on Audit Delay. Sriwijaya International Journal of Dynamic Economics and Business, 4(4), 315-324.
Apadore, K. & Noor, M. M., (2013). Determinants of Audit Report Lag and Corporate Governance in Malaysia. International Journal of Business and Management, 8(15), 151-163.
Apriliane, Malinda Dwi. (2015). Analisis Faktor-faktor yang Mempengaruhi Audit Delay (Studi Empiris pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2008-2013). Tesis. Yogyakarta: Universitas Negeri Yogyakarta.
Arens, Alvin A., Randal J. Elder, Mark S. Beasley & Chris E.Hogan. (2017). Auditing and Assurance Service 16th Edition. England: Pearson.
Aryaningsih, Ni Nengah Devi & I Ketut Budiartha. (2014) Pengaruh Total Aset, Tingkat Solvabilitas, dan Opini Audit Pada Audit Delay. E-Jurnal Akuntansi, 7(3), 747-760.
Bangun, P., Subagyo, T., (2012), Faktor-Faktor Yang Mempengaruhi Audit Report Lag Pada Perusahaan Yang Listed di Bursa Efek Indonesia), Jurnal Bisnis dan Akuntansi, 8.
Debbianita, Vinny Stephanie Hidayat & Ivana. (2017). Pengaruh Profitabilitas, Solvabilitas, dan Aktivitas Persediaan terhadap Audit Delay pada Perusahaan Retail yang terdaftar di Bursa Efek Indonesia Periode 2014-2015. Jurnal Akuntansi Maranatha. 9 (2). 158-169.
Dewi, G. A. N. P., & Suputra, I. D. G. D. (2017). Pengaruh Kompleksitas Operasi, Kontinjensi, Pergantian Auditor pada Audit Report Lag dengan Spesialisasi Auditor sebagai Pemoderasi. E-Jurnal Akuntansi, 21, 912–941.
Dibia. N.O. & J.C Onwuchekwa, (2013). An Exa-mination of The Audit Report Lag of Companies Quoted in The Nigeria Stock Exchange. International Journal of Business and Social Research LAR Center Press, 3(9), 8-16.
Estrini, D. H. & H. Laksito. (2013). Analisis Faktor-faktor yang Mempengaruhi Audit Delay (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2009-2011). Diponegoro Journal of Accounting, 2(2), 535-544.
Ezat, A. N. M. (2015). The impact of audit-related factors on audit report lag for the Egyptian listed nonfinancial companies. Journal of the Faculty of Commerce for Scientific Research, 52, 1-45.
Fujianti, Lailah & Indra Satria. (2020). Firm Size, Profitability, Leverage as Determinants of Audit Report Lag: Evidence from Indonesia. Intenatio-nal Journal of Financial Reseach, 11(2).
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25, Edisi 19. Semarang: Badan Penerbit Universitas Diponegoro.
Ginting, Christy Ulina & Widi Hidayat. (2019). The Effect of a Fradulent Financial Statement, Firm Size, Profitability, and Audit Fim Size on Audit Delay. International Journal of Innovation, Creativity and Change. 9(7).
Givoly, D., & Palmon, D. (1982). Timeliness of annual earnings announcements: Some empirical evidence. The Accounting Review, Vol. 17(3), pp. 486-508.
Habib, A., & Bhuiyan, M. B. U. (2011). Audit firm industry specialization and the audit report lag. Journal of International Accounting, Auditing and Taxation, 20(1), 32-44.
Habib, Ahsan, et al. (2018). Determinants of audit report lag: A meta-analysis. International Journal of Auditing, 1–25.
Hassan, Y.M. (2016). Determinants of ARL: evidence from Palestine. Journal of Accounting in Emerging Economies, 6(1), 13-32.
IASB. (2018). “The Conceptual Framework for Financial Reporting, March 2018”. IASB: Lon-don UK. Available at: www.iasplus.com/en/ news/2018/03/cf (Accessed January 2nd, 2021).
Ibrahim, Khalil, Dedik Nur Triyanto. (2020). Pengaruh Lama Operasi, Solvabilitas, Opini Audit dan Ukuran Perusahaan terhadap Audit Delay (Studi pada Sektor Properti, Real Estate, dan Konstruksi Bangunan yang terdaftar di BEI Periode 2016-2018). E-Proceeding of Management, 7(2), 5894-5906.
Irman, Mimenlientesa. (2017). Pengaruh Ukuran Perusahaan, ROA, DAR, dan Reputasi Auditor terhadap Audit Delay. Journal of Economic, Business and Accounting (COSTING), 1(1), 23-34.
Iskandar, Meylisa Januar dan Estralita Trisnawati. (2010). Faktor-Faktor yang mempengaruhi Audit Report Lag pada Perusahaan yang terdaftar di Bursa Efek Indonesia. Jurnal Bisnis dan Akuntansi. 12(3), 175-186.
Jayati, Rima Dwi., Zaky Machuddah & St. Dwiarso Utomo. (2020). Audit Report Lag: Faktor yang Mempengaruhi. Jurnal Akuntansi dan Auditing. 17(1). 115-130.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Eco-nomics, 3(4), 305-360.
Khoufi, N., & Khoufi, W. (2018). An empirical examination of the determinants of audit report delay in France. Managerial Auditing Journal, 33(8/9), 700-714.
Lai, Kam-Wah. (2019). Audit Report Lag, Audit Fees, and Audit Quality following an Audit Firm Merger: Evidence from Hong Kong. Juunal of International Accountin, Auditing and Taxation. 36.
Laksono, Firman Dwi & Dul Mu’id. (2014). Analisis Faktor-Faktor yang Mempengaruhi Audit Delay dan Ketepatan Waktu Publikasi Laporan Keuangan (Studi Empiris Pada Perusahaan Manufaktur Sektor Consumer Good yang Terdaftar Di BEI Tahun 2010 – 2012). Diponegoro Journal of Accounting, 3(4), 1-13.
Lestari, N. L. K. A. S dan Made Yenni Latrini. (2018). Pengaruh Fee Audit, Ukuran Perusahaan Klien, dan Opini Auditor pada Audit Delay. Jurnal Akuntansi, 24(1), 422-450.
Lestariningrum T., K. Trianny Putri Mahadewi, I Dewa Gede Dharma Suputra, I Ketut Suryanawa & I Ketut Yadnyana. (2020). The Effect of Auditor Switching, Audit Fee, and Auditor’s Opinion on Audit Delay. American Journal of Humanities and Social Sciences Research, 4(1), 149-156.
Lianto, N & Budi Hartono Kusuma. (2010). Faktor-Faktor Yang Berpengaruh Terhadap Audit Report Lag. Jurnal Bisnis dan Akuntansi, 12.
Mareta, S. (2015). Factors that Affect Financial Report Publication Timeliness for Period 2009-2010. Jurnal Akuntansi, 19.
Modugu, K. E. E., & Ikhatua, G. (2012). Determinants of audit delay: empirical evidence from Nigeria. The International Journal of Business and Finance Research, 8(2), 21-28.
Nouraldeen, Rasha M., Mohamed Mandou & Wagdi Hegazy. (2021). Audit Report Lag: Do Company Characteristics and Corporate Governance Fac-tors Matter? Empirical Evidence from Lebanese Commercial Bank. BAU Journal – Society, Cul-ture and Human Behavior. 2(2). 13.
Oussii, A.A., & Taktak, N.B. (2018). Audit report timeliness: does internal audit function coordina-tion with external auditors matter? Empirical evidence from Tunisia. EuroMed Journal of Business, 13(1), 60-74.
Peraturan Otoritas Jasa Keuangan Nomor 29/POJK. 04/2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik
Pizzini, M., Lin, S., & Ziegenfuss, D. E. (2015). The impact of internal audit function quality and contribution on audit delay. Auditing: A Journal of Practice & Theory, 34(1), 25-58.
Pradana, M. N. Reza & Md Gd Wirakusuma. (2013). Pengaruh Faktor-Faktor Nonfinansial pada Keterlambatan Publikasi Laporan Keuangan Tahunan Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 3(2).
Scott, William R. (2010). Financial Accounting Theory. 6th Edition. Toronto: Pearson Canada Inc.
Sujarwo, M. (2019). Pengaruh Audit Delay, Reputasi dan Kompleksitas Operasi terhadap Timeliness Pelaporan Keuangan Perusahaan Pertambangan Tahun 2012-2016. Scientific Journal of Reflec-tion: Economic, Accounting, Management and Business, 2(3), 331-340.
Sunanungsih, S. N. (2013). Faktor-faktor yang Berpengaruh Terhadap Audit Delay. Program, 15(1), 1-9.
Suryanto, T. (2016). Audit delay and its implication for fraudulent financial reporting: a study of companies listed in the Indonesian stock exchange. European Research Studies, 19(1), 18.
Togasima, Christian Noverta & Yulius Jogi Christiawan. (2014). Analisis Faktor-Faktor yang Mempengaruhi Audit Report Lag pada Perusahaan yang Terdaftar di Bursa Efek Indonesia pada Tahun 2012. Business Accounting Review, 2(2), 151-159.
Ulfa. R. & N. R. Primasari, (2017). Pengaruh Laba Akuntansi, Opini Audit, Solvabilitas, dan Ukuran Perusahaan Terhadap Audit Delay. Jurnal Akuntansi dan Keuangan, 6 (2), 161-180.
Widhiasari, Ni Made Shinta & I Ketut Budiartha. (2016). Pengaruh Umur Perusahaan, Ukuran Perusahaan, Reputasi Auditor, dan Pergantian Auditor terhadap Audit Report Lag. E-Jurnal Akuntansi Universitas Udayana, 15(1), 200-277.
Yanasari, Lia Fitri, Maryanti Rahayu & Nastiti Edi Utami. (2021). Pengaruh Profitabilitas, Solvabilitas dan Size terhadap Audit Delay pada Perusahaan yang terdaftar di Bursa Efek Indonesia. Jurnal IKRA-ITH Ekonomika, 4(1).
Yuyanti, Rindi & Hadri Mulya (2020). Effect of Company Size, Audit Profitability, Leverage, and Audit Opinion on Audit Delay with Audit Quality as Moderators (Empirical Study of Listed Mining Companies on the Indonesia Stock Exchange for the 2014-2018 Period. Saudi Journal of Business and Management Studies, 5(6), 361-369.
Additional Files
Published
Issue
Section
License
Petra IJBS (e-ISSN: 2621-6426) is published by Master of Management program, School of Business and Management, Petra Christian University, Indonesia (MM SBM PCU).
