COMPANY AND AUDITOR CHARACTERISTICS AS DETERMINANTS OF AUDIT REPORT LAG: EVIDENCE FROM CONSUMER CYCLICALS COMPANIES ON THE INDONESIA STOCK EXCHANGE 2021-2024
DOI:
https://doi.org/10.22437/jca.v18i2.58963Keywords:
Auditor Characteristics, Audit Report Lag , Company CharacteristicsAbstract
Timely disclosure of audited financial statements is essential for investor confidence and market efficiency. However, delays in publishing audited financial statements remain prevalent, resulting in audit report lag. The consumer cyclicals sector recorded the highest number of companies experiencing such delays among sectors during 2021-2024. This study aims to examine the effect of company and auditor characteristics on audit report lag in consumer cyclicals companies listed on the Indonesia Stock Exchange during 2021-2024. This quantitative study uses secondary data obtained from annual reports and audited financial statements. The sample comprises 90 companies selected using purposive sampling, resulting in 360 observations. Data were analysed using panel data regression with EViews 12, with the Fixed Effect Model (FEM) identified as the most appropriate model. The results indicate that financial condition has a positive and significant effect on audit report lag, whereas audit tenure has a negative and significant effect. The other variables do not have significant effects on audit report lag. These findings contribute to the literature by highlighting financial condition and audit tenure as key determinants of audit report lag and provide practical implications for companies and auditors in improving audit completion timeliness.
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