Board Independence, Audit Committee Characteristics, and Sharia Supervisory Board on Audit Report Lag
Abstract
This study aims to empirically examine the effect of board independence, audit committee size, audit committee expertise, audit committee meetings and sharia supervisory board on audit report lag. The object of research includes Islamic banking, including Islamic Commercial Banks (BUS) and Sharia Business Units (UUS) listed on the Financial Services Authority (OJK) during the period 2019-2023. The sample determination was carried out through a purposive sampling technique, resulting in 130 samples that met the research criteria. Data analysis was performed using logistic regression. The research findings reveal that board independence, audit committee size, and the existence of a sharia supervisory board have a significant negative effect on audit report lag. In contrast, audit committee size and audit committee expertise do not have a significant effect. The novelty of this research lies in the use of DPS variables and the type of measurement due to the Indonesia Stock Exchange (IDX) policy that extends the deadline for submitting financial reports. This research provides an understanding of the factors that have the potential to accelerate audit completion and reduce audit report lag.
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References
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Krisyadi, R., & Noviyanti, N. (2022). Analisis Faktor-Faktor yang Mempengaruhi Keterlambatan Laporan Audit. Owner: Riset Dan Jurnal Akuntansi, 6(1), 147–159. https://doi.org/10.33395/owner.v6i1.541
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Rahmansyah, A. I., Wardayati, S. M., & Miqdad, M. (2021). Audit Committee, Board, and Audit report lag. Wiga : Jurnal Penelitian Ilmu Ekonomi, 11(1), 19–30. https://doi.org/10.30741/wiga.v11i1.577
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Rinta, M. (2021). Ukuran Dewan Direksi, Aktivitas Komite Audit Dan Ukuran Komite Audit Terhadap Manajemen Laba. Journal of Accounting Science, 5(1), 89–103. https://doi.org/10.21070/jas.v5i1.1336
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Rusmanto, T., & Herlina, M. (2020). The Relationship Between Corporate Governance and Audit report lag: Evidence From Indonesian. PalArch’s Journal of Archaeology of Egypt/Egyptology, 17(7), 3003–3013.
Setiawati, E., Putri, E., & Devista, N. (2021). Pengaruh Profitabilitas, Ukuran Perusahaan, Kepemilikan Institusional, dan Komite Audit terhadap Ketepatan Waktu Pelaporan Keuangan. Jurnal Ekonomi Pembangunan STIE Muhammadiyah Palopo, 7(1), 56–67.
Setiyowati, M., & Januarti, M. (2022). Analysis of Influencing Factors Affecting Audit report lag. Jurnal Aset (Akuntansi Riset), 14(2), 235–244. https://doi.org/10.17509/jurnal
Sudradjat, & Mai, M. U. (2022). Corporate Governance and Audit report lag in Non-Financial Companies on the Indonesia Stock Exchange. Journal of Accounting Research, Organization and Economics, 5(2), 124–135. www/http/jurnal.unsyiah.ac.id/JAROE
Sudradjat, S., Ishak, J. F., & Nugraha, A. A. (2023). Determinants of Banking Sector Audit report lag: Evidence from Indonesia. Jurnal Aset (Akuntansi Riset), 15(1), 167–176. https://doi.org/10.17509/jaset.v15i1
Widhiastuti, N. L. P. (2022). Audit Delay Pada Perusahaan Manufaktur di Bursa Efek Indonesia. Solusi, 20(3), 267–278.
Widjaja, C. C., & Feliana, Y. K. (2022). Corporate Governance and Audit report lag on Financial Sector Companies Listed in IDX 2018-2020. Jurnal Dinamika Akuntansi, 14(1), 54–65. https://doi.org/10.15294/jda.v14i1
Wulandari, S., & Barokah, Z. (2022). Determinants of Audit report lag: Evidence from Commercial Banks in Indonesia. The Indonesian Journal of Accounting Research, 25(03). https://doi.org/10.33312/ijar.676
Yusnia, V., & Kanti, A. (2021). Factors that Influence the Audit report lag Among Non-Financial Companies in Indonesia Stock Exchange. Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020), 135–143.
Zulfikar, Z., Bawono, A. D. B., Mujiyati, M., & Wahyuni, S. (2020). Sharia Corporate Governance and Financial Reporting Timeliness: Evidence of the Implementation of Banking Regulations in Indonesia. Banks and Bank Systems, 15(4), 179–192. https://doi.org/10.21511/bbs.15(4).2020.15
Zulinovika, E., Usdeldi, & Tanjung, F. S. (2024). Pengaruh Audit Switching dan Audit Tenure Terhadap Audit Delay Pada Perbankan Syariah di Indonesia. Jurnal Ilmiah Ekonomi Dan Manajemen, 2(6), 42–56. https://doi.org/10.61722/jiem.v2i6.1270
Ashton, R. H., Graul, P. R., & Newton, J. D. (1989). Audit Delay and the Timeliness of Corporate Reporting. Contemporary Accounting Research, 5(2), 657–673.
Chalu, H. (2021). Board Characteristics, Auditing Characteristics and Audit report lag in African Central Banks. Journal of Accounting in Emerging Economies, 11(4), 578–609. https://doi.org/10.1108/JAEE-09-2019-0173
Faadilah, I., & Ilham, A. (2024). Prospek Pengembangan Perbankan Syariah di Indonesia Dalam Era Digital. Jurnal Kajian Dan Pengembangan Umat, 7(1), 20–29.
Fama, E. F., & Jensen, M. C. (1983). Separation of Ownership and Control. The Journal of Law and Economics, 26(2), 301–325.
Hamdi, B., & Herianingrum, S. (2022). Liquidity Risk Determinants on Islamic and Conventional Banks Before and During The Covid-19 Pandemic Determinan Risiko Likuiditas Bank Syariah dan Konvensional Sebelum dan Selama Pandemi Covid-19. Jurnal Ekonomi Syariah Teori Dan Terapan, 9(4), 573–585. https://doi.org/10.20473/vol9iss20224pp573-585
Ilyas, R. (2021). Peran Dewan Pengawas Syariah Dalam Perbankan Syariah. JPS (Jurnal Perbankan Syariah), 2(1), 42–53. https://doi.org/10.46367/jps.v2i1.295
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Manageriak Behavior, Agency Cost and Ownership Structure. Journal of Financial Economics, 3, 305–360.
Kaaroud, M. A., Mohd Ariffin, N., & Ahmad, M. (2020). The Extent of Audit report lag and Governance Mechanisms: Evidence from Islamic Banking Institutions in Malaysia. Journal of Islamic Accounting and Business Research, 11(1), 70–89. https://doi.org/10.1108/JIABR-05-2017-0069
Knapp, M. C. (1987). An Empirical Study of Audit Committee Support for Auditors Involved in Technical Disputes with Client Management. Accounting Review, 578–588.
Krisyadi, R., & Noviyanti, N. (2022). Analisis Faktor-Faktor yang Mempengaruhi Keterlambatan Laporan Audit. Owner: Riset Dan Jurnal Akuntansi, 6(1), 147–159. https://doi.org/10.33395/owner.v6i1.541
Lajmi, A., & Yab, M. (2022). The Impact of Internal Corporate Governance Mechanisms on Audit report lag: Evidence From Tunisian Listed Companies. EuroMed Journal of Business, 17(4), 619–633. https://doi.org/10.1108/EMJB-05-2021-0070
Maharani, D. A., & Redjo, P. R. D. (2023). Corporate Governance Factors On Audit report lag. JAS (Jurnal Akuntansi Syariah), 7(1), 58–72. https://doi.org/10.46367/jas.v7i1.1084
Nisfiarani, R. R., Prasteyo, T. J., & Suhendro, S. (2023). Analysis of Factors That Influence Delays in Submitting Financial Reports and Their Impact on Market Reactions: A Literature Review. International Journal of Education, Social Studies, and Management (IJESSM), 3(3), 39–52. https://doi.org/10.52121/ijessm.v3i3.187
Nouraldeen, R. M., Mandour, M., & Hegazy, W. (2021). Audit report lag: Do Company Characteristics and Corporate Governance Factors Matter? Empirical Evidence from Lebanese Commercial Banks. BAU Journal - Society, Culture and Human Behavior, 2(2).
Ojianwuna, C. (2023). Financial Reporting Quality and Stakeholders’ Investment Decision in Listed Deposit Money Banks in Nigeria. International Journal of Business and Management (IJBM), 2(2), 1–31. www.iessociety.org
Oussii, A. A., & Taktak, N. B. (2018). Audit Committee Effectiveness and Financial Reporting Timeliness: The Case of Tunisian Listed Companies. African Journal of Economic and Management Studies, 9(1), 34–55.
Ozer, G., Merter, A. K., & Balcioglu, Y. S. (2023). Financial Reporting Timeliness: A Scope Review of Current Literature. Pressacademia, 17(1), 87–91. https://doi.org/10.17261/pressacademia.2023.1759
Pradipta, A., & Zalukhu, A. G. (2020). Audit report lag: Specialized Auditor and Corporate Governance. GATR Global Journal of Business Social Sciences Review, 8(1), 41–48. https://doi.org/10.35609/gjbssr.2020.8.1(5)
Prihatin, K. S. (2019). Analisis Perbandingan Kinerja Keuangan Bank Syariah dan Bank Konvensional. Progress: Jurnal Pendidikan, Akuntansi Dan Keuangan, 2(2), 136–146. www.ojk.co.id
Putri, W. G. (2023). Pengaruh Kinerja Keuangan, Komite Audit, dan Teknologi Informasi Terhadap Audit report lag pada Perbankan Syariah. Proceeding Auditing and Accounting Conference 2023 . www.idx.co.id
Rahmansyah, A. I., Wardayati, S. M., & Miqdad, M. (2021). Audit Committee, Board, and Audit report lag. Wiga : Jurnal Penelitian Ilmu Ekonomi, 11(1), 19–30. https://doi.org/10.30741/wiga.v11i1.577
Relaksasi Batas Waktu Penyampaian Laporan Keuangan dan Laporan Tahunan. (2020). www.idx.co.id
Rinta, M. (2021). Ukuran Dewan Direksi, Aktivitas Komite Audit Dan Ukuran Komite Audit Terhadap Manajemen Laba. Journal of Accounting Science, 5(1), 89–103. https://doi.org/10.21070/jas.v5i1.1336
Riswan, W., & Serly, V. (2023). Pengaruh Karakteristik Good Corporate Covernance (GCG) terhadap Audit Delay pada Perbankan Syariah di Otoritas Jasa Keuangan. Jurnal Eksplorasi Akuntansi, 5(1), 331–343. https://doi.org/10.24036/jea.v5i1.584
Rizkiana, P. E., & Setiany, E. (2023). The Influence of Financial Risk, Characteristics of the Audit Committee, and the Independence of the Board of Commissioners on Audit report lag. Journal of Economics, Finance and Accounting Studies , 5(5), 131–144. https://doi.org/10.32996/jefas
Rusmanto, T., & Herlina, M. (2020). The Relationship Between Corporate Governance and Audit report lag: Evidence From Indonesian. PalArch’s Journal of Archaeology of Egypt/Egyptology, 17(7), 3003–3013.
Setiawati, E., Putri, E., & Devista, N. (2021). Pengaruh Profitabilitas, Ukuran Perusahaan, Kepemilikan Institusional, dan Komite Audit terhadap Ketepatan Waktu Pelaporan Keuangan. Jurnal Ekonomi Pembangunan STIE Muhammadiyah Palopo, 7(1), 56–67.
Setiyowati, M., & Januarti, M. (2022). Analysis of Influencing Factors Affecting Audit report lag. Jurnal Aset (Akuntansi Riset), 14(2), 235–244. https://doi.org/10.17509/jurnal
Sudradjat, & Mai, M. U. (2022). Corporate Governance and Audit report lag in Non-Financial Companies on the Indonesia Stock Exchange. Journal of Accounting Research, Organization and Economics, 5(2), 124–135. www/http/jurnal.unsyiah.ac.id/JAROE
Sudradjat, S., Ishak, J. F., & Nugraha, A. A. (2023). Determinants of Banking Sector Audit report lag: Evidence from Indonesia. Jurnal Aset (Akuntansi Riset), 15(1), 167–176. https://doi.org/10.17509/jaset.v15i1
Widhiastuti, N. L. P. (2022). Audit Delay Pada Perusahaan Manufaktur di Bursa Efek Indonesia. Solusi, 20(3), 267–278.
Widjaja, C. C., & Feliana, Y. K. (2022). Corporate Governance and Audit report lag on Financial Sector Companies Listed in IDX 2018-2020. Jurnal Dinamika Akuntansi, 14(1), 54–65. https://doi.org/10.15294/jda.v14i1
Wulandari, S., & Barokah, Z. (2022). Determinants of Audit report lag: Evidence from Commercial Banks in Indonesia. The Indonesian Journal of Accounting Research, 25(03). https://doi.org/10.33312/ijar.676
Yusnia, V., & Kanti, A. (2021). Factors that Influence the Audit report lag Among Non-Financial Companies in Indonesia Stock Exchange. Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020), 135–143.
Zulfikar, Z., Bawono, A. D. B., Mujiyati, M., & Wahyuni, S. (2020). Sharia Corporate Governance and Financial Reporting Timeliness: Evidence of the Implementation of Banking Regulations in Indonesia. Banks and Bank Systems, 15(4), 179–192. https://doi.org/10.21511/bbs.15(4).2020.15
Zulinovika, E., Usdeldi, & Tanjung, F. S. (2024). Pengaruh Audit Switching dan Audit Tenure Terhadap Audit Delay Pada Perbankan Syariah di Indonesia. Jurnal Ilmiah Ekonomi Dan Manajemen, 2(6), 42–56. https://doi.org/10.61722/jiem.v2i6.1270
Published
2024-11-26
How to Cite
JULFA, Siti; WAFIROH, Novi Lailiyul.
Board Independence, Audit Committee Characteristics, and Sharia Supervisory Board on Audit Report Lag.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 12, nov. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/120866>. Date accessed: 15 jan. 2025.
doi: https://doi.org/10.24843/EJA.2024.v34.i12.p13.
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