Faktor-Faktor yang Mempengaruhi Audit Delay di Indonesia
Abstract
This study aims to examine and analyze the effect of operational complexity, financial condition and audit opinion on audit delay with auditor specialization as a moderating variable. Sampling used a purposive sampling technique, resulting in a sample of 71 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2020 period. The study uses a panel data regression model with E-views version 12 as a research data processing application. The results show that operational complexity has a negative effect and financial conditions have a positive effect on audit delay. Meanwhile, audit opinion has no effect on audit delay. Furthermore, auditor specialization is able to moderate operational complexity and financial conditions on audit delay. However, auditor specialization is not able to moderate audit opinion on audit delay.
Keywords: Audit Delay; Operational Complexity; Financial Condition; Audit Opinion; Auditor Specialization.
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References
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Azami, Z., & Salehi, T. (2016). The Relationship Between Audit Report Delay And Investment Opportunities. Eurasian Business Review, 7(3), 437–449.
Bergh, D. D., & Gibbons, P. (2011). The Stock Market Reaction To The Hiring Of Management Consultants: A Signalling Theory Approach. Journal of Management Studies, 48(3), 544–567.
Berliana, R. (2015). The Effect Of Workload, Auditor Tenure,Specialist Auditor And Public Accounting Firm Size On Audit Report Lag. SSRN Electronic Journal.
Blay, A. D., & Geiger, M. A. (2013). Auditor Fees And Auditor Independence: Evidence From Going Concern Reporting Decisions. Contemporary Accounting Research, 30(2), 579–606.
Bonsón‐Ponte, E., Escobar‐Rodríguez, T., & Borrero‐Domínguez, C. (2008). Empirical Analysis Of Delays In The Signing Of Audit Reports In Spain. International Journal of Auditing, 12(2), 129–140.
Carslaw, C. A. P. N., & Kaplan, S. E. (1991). An Examination Of Audit Delay: Further Evidence From New Zealand. Accounting and Business Research, 22(85), 21–32.
Che-Ahmad, A., & Abidin, S. (2008). Audit Delay Of Listed Companies: A Case Of Malaysia. International Business Research, 1(4), 32–39.
Citron, D. B., & Taffler, R. J. (1992). The Audit Report under Going Concern Uncertainties: An Empirical Analysis. Accounting and Business Research, 22(88), 337–345.
Dao, M., & Pham, T. (2014). Audit Tenure, Auditor Specialization And Audit Report Lag. Managerial Auditing Journal, 29(6), 490–512.
Dewi, K. I. K., Subekti, I., & Saraswati, E. (2019). The Determinants of Delay in Publication of Financial Statement. International Journal of Multicultural and Multireligious Understanding, 6(1), 9–18.
Dunn, K. A., & Mayhew, B. W. (2004). Audit Firm Industry Specialization and Client Disclosure Quality. Review of Accounting Studies, 9(1), 35–58.
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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.
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Louwers, T. J., Blay, A. D., Sinason, D. H., Strawser, J. R., & Thibodeau, J. C. (2018). Auditing & Assurance Services. McGraw-Hill Education.
McKinnon, J. L., & Dalimunthe, L. (1993). Voluntary Disclosure Of Segment Information By Australian Diversified Companies. Accounting & Finance, 33(1), 33–50.
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Mukhtaruddin, M., Oktarina, R., Relasari, R., & Abukosim, A. (2015). Firm and Auditor Characteristics, and Audit Report Lag in Manufacturing Companies Listed on Indonesia Stock Exchange during 2008-2012. Expert Journal of Business and Management, 3(1), 13–26.
Na’im, A. (1998). Timeliness Of Annual Financial Statement Submission: Preliminary Empirical Evidence From Indonesia. Asian Academy of Management Journal, 5(2), 45–64.
Pradana, M. N. R., & Wirakusuma, M. G. (2013). Pengaruh Faktor-Faktor Nonfinansial Pada Keterlambatan Publikasi Laporan Keuangan Tahunan Perusahaan. E-Jurnal Akuntansi, 3(2), 277–296.
Rusmin, R., & Evans, J. (2017). Audit Quality And Audit Report Lag: Case Of Indonesian Listed Companies. Asian Review of Accounting, 25(2).
Utami, W. (2006). Analisis Determinan Audit Delay Kajian Empiris di Bursa Efek Jakarta. Bulletin Penelitian, 9(1), 19–31.
Wan-Hussin, W. N., & Bamahros, H. M. (2013). Do investment in and the sourcing arrangement of the internal audit function affect audit delay? Journal of Contemporary Accounting & Economics, 9(1), 19–32.
Wati, L. N. (2018). Metodologi Penelitian Terapan. Aplikasi SPSS, Eviews, Smart PLS dan AMOS. CV Pustaka Amri.
Azami, Z., & Salehi, T. (2016). The Relationship Between Audit Report Delay And Investment Opportunities. Eurasian Business Review, 7(3), 437–449.
Bergh, D. D., & Gibbons, P. (2011). The Stock Market Reaction To The Hiring Of Management Consultants: A Signalling Theory Approach. Journal of Management Studies, 48(3), 544–567.
Berliana, R. (2015). The Effect Of Workload, Auditor Tenure,Specialist Auditor And Public Accounting Firm Size On Audit Report Lag. SSRN Electronic Journal.
Blay, A. D., & Geiger, M. A. (2013). Auditor Fees And Auditor Independence: Evidence From Going Concern Reporting Decisions. Contemporary Accounting Research, 30(2), 579–606.
Bonsón‐Ponte, E., Escobar‐Rodríguez, T., & Borrero‐Domínguez, C. (2008). Empirical Analysis Of Delays In The Signing Of Audit Reports In Spain. International Journal of Auditing, 12(2), 129–140.
Carslaw, C. A. P. N., & Kaplan, S. E. (1991). An Examination Of Audit Delay: Further Evidence From New Zealand. Accounting and Business Research, 22(85), 21–32.
Che-Ahmad, A., & Abidin, S. (2008). Audit Delay Of Listed Companies: A Case Of Malaysia. International Business Research, 1(4), 32–39.
Citron, D. B., & Taffler, R. J. (1992). The Audit Report under Going Concern Uncertainties: An Empirical Analysis. Accounting and Business Research, 22(88), 337–345.
Dao, M., & Pham, T. (2014). Audit Tenure, Auditor Specialization And Audit Report Lag. Managerial Auditing Journal, 29(6), 490–512.
Dewi, K. I. K., Subekti, I., & Saraswati, E. (2019). The Determinants of Delay in Publication of Financial Statement. International Journal of Multicultural and Multireligious Understanding, 6(1), 9–18.
Dunn, K. A., & Mayhew, B. W. (2004). Audit Firm Industry Specialization and Client Disclosure Quality. Review of Accounting Studies, 9(1), 35–58.
Gujarati, D. N., & Porter, D. C. (2009). Basic Econometrics (5th ed.). McGraw-Hill/Irwin.
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.
Halim, V. (2000). Faktor-Faktor Yang Mempengaruhi Audit Delay. Jurnal Bisnis Dan Akuntansi, 2(1), 63–75.
Hammes, D. D., De Mattos, L. K., & Flach, L. (2020). Audit report lag determinants: A panel data regression model with all companies listed on the Dow Jones Stock Index. International Journal of Business Excellence, 21(1), 139–152. https://doi.org/10.1504/IJBEX.2020.106954
Hassan, Y. M. (2016). Determinants Of Audit Report Lag: Evidence From Palestine. Journal of Accounting in Emerging Economies, 6(1), 13–32.
Heri, S. e. M. si. C. R. (2017). Auditing & Asurans Pemeriksaan Akuntansi Berbasis Standar Audit Internasional. Grasindo.
Jaggi, B., & Tsui, J. (1999). Determinants Of Audit Report Lag: Further Evidence From Hong Kong. Accounting and Business Research, 30(1), 17–28.
Knechel, W. R., & Payne, J. L. (2001). Additional Evidence on Audit Report Lag. Auditing: A Journal of Practice & Theory, 20(1), 137–146.
Lambert, T. A., Jones, K. L., Brazel, J. F., & Showalter, D. S. (2017). Factors Affecting the Audit Delay and It’s Impact on Abnormal Return in Indonesia Stock Exchange. Accounting, Organizations and Society, 58, 50–66.
Louwers, T. J., Blay, A. D., Sinason, D. H., Strawser, J. R., & Thibodeau, J. C. (2018). Auditing & Assurance Services. McGraw-Hill Education.
McKinnon, J. L., & Dalimunthe, L. (1993). Voluntary Disclosure Of Segment Information By Australian Diversified Companies. Accounting & Finance, 33(1), 33–50.
Michael, C., & Rohman, A. (2017). Pengaruh Audit Tenure Dan Ukuran KAP Terhadap Audit Report Lag Dengan Spesialisasi Industri Audit Sebagai Variabel Moderasi. Diponegoro Journal of Accounting, 6(4), 378–389.
Mukhtaruddin, M., Oktarina, R., Relasari, R., & Abukosim, A. (2015). Firm and Auditor Characteristics, and Audit Report Lag in Manufacturing Companies Listed on Indonesia Stock Exchange during 2008-2012. Expert Journal of Business and Management, 3(1), 13–26.
Na’im, A. (1998). Timeliness Of Annual Financial Statement Submission: Preliminary Empirical Evidence From Indonesia. Asian Academy of Management Journal, 5(2), 45–64.
Pradana, M. N. R., & Wirakusuma, M. G. (2013). Pengaruh Faktor-Faktor Nonfinansial Pada Keterlambatan Publikasi Laporan Keuangan Tahunan Perusahaan. E-Jurnal Akuntansi, 3(2), 277–296.
Rusmin, R., & Evans, J. (2017). Audit Quality And Audit Report Lag: Case Of Indonesian Listed Companies. Asian Review of Accounting, 25(2).
Utami, W. (2006). Analisis Determinan Audit Delay Kajian Empiris di Bursa Efek Jakarta. Bulletin Penelitian, 9(1), 19–31.
Wan-Hussin, W. N., & Bamahros, H. M. (2013). Do investment in and the sourcing arrangement of the internal audit function affect audit delay? Journal of Contemporary Accounting & Economics, 9(1), 19–32.
Wati, L. N. (2018). Metodologi Penelitian Terapan. Aplikasi SPSS, Eviews, Smart PLS dan AMOS. CV Pustaka Amri.
Published
2023-01-26
How to Cite
FADHILA, Noriska Sitty; SURJANDARI, Dwi Asih.
Faktor-Faktor yang Mempengaruhi Audit Delay di Indonesia.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 1, p. 202-216, jan. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/91362>. Date accessed: 10 may 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i01.p15.
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