Audit report lags in the Belgian non-profit sector: an empirical analysis

Reheul, Anne-Mie; Caneghem, Tom Van; Verbruggen, Sandra

doi:10.1080/00014788.2013.777828

Cited by 12 publications

(13 citation statements)

References 48 publications

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“…The result of the variance inflation factors test indicates that multicollinearity was not a problem since the maximum value of variance inflation factors was 2.97 (Kennedy ; Reheul et al. ).…”

Section: Empirical Results and Analysismentioning

confidence: 99%

“…To ensure that multicollinearity will not impact the multivariate analysis, an additional test using variance inflation factors was conducted to assess whether multicollinearity was a matter of concern (Vu 2008; Chen and Zhang 2014). The result of the variance inflation factors test indicates that multicollinearity was not a problem since the maximum value of variance inflation factors was 2.97 (Kennedy 2003;Reheul et al 2013).…”

Section: Hypothesis 2: Earnings Management Towards Zero Levelmentioning

confidence: 99%

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Earnings Management by Non‐profit Organisations: Evidence from UK Charities

Nguyen

Soobaroyen²

2018

Australian Accounting Review

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Informed by stakeholder theory and resource dependence theory, this paper investigates whether UK charities are engaged in earnings management practices. Based on a sample of 1414 charities over a five‐year period (2008–2012) the study firstly finds that UK charities use discretionary accruals to drive their financial results towards a zero surplus/deficit; this result also reveals that the distribution of reported earnings around zero is prevalent amongst UK charities. In addition, in contrast to prior findings, the empirical results point to a significant association between leverage and earnings management behaviour by charities. Lastly, this study finds that the practice of earnings management is influenced by non‐profit organisational size.

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Section: Empirical Results and Analysismentioning

confidence: 99%

Section: Hypothesis 2: Earnings Management Towards Zero Levelmentioning

confidence: 99%

Earnings Management by Non‐profit Organisations: Evidence from UK Charities

Nguyen

Soobaroyen²

2018

Australian Accounting Review

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“…The audit process takes time so that it will have an impact on the timeliness of the presentation of financial statements. The period of time from the end of the accounting year to the date of issuance of audited financial statements is called Audit Report Lag / ARL (Reheul et al 2013).…”

Section: Introductionmentioning

confidence: 99%

Firm Size, Profitability, Leverage as Determinants of Audit Report Lag: Evidence From Indonesia

Fujianti¹,

Satria²

2020

IJFR

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This study examines the factors that influence Audit Report Lag in Indonesia. This factor is seen from the financial performance of the company size, profitability and corporate leverage. The research sample was 91 manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period of 2015 and 2016. The total observation for 2 years amounted to 182. The method of data analysis is random effect models. The results showed that company size and profitability are variables that can shorten Audit Report Lag. Meanwhile, leverage has not empirically proven to have a significant effect. The findings implies that large companies have better information and technology systems compared to smaller companies so as to strengthen internal control and speed of presentation of financial statements. High profitability encourages companies to present financial reports on time so that the impact of ARL decline.

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“…Additional nonprofit research finds auditors specializing in nonprofit sector audits are associated with higher fees (Beattie, Goodacre, Pratt, & Stevenson, 2001; Fischer, Johnson, & Elder, 2004) and decreased internal control weakness reporting (Petrovits et al, 2011). Research on European nonprofits has found industry specialization associated with an increase in future government grants (Reheul et al, 2018), lower audit fees (Verbruggen et al, 2015), and longer audit report delays (Reheul et al, 2013). According to Reheul et al (2013), the positive association between auditor industry specialization and audit report lag is indicative of specialist auditors expending greater auditor effort to provide higher audit quality.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Does Hiring a Local Industry Specialist Auditor Matter to Nonprofit Organizations?

Harris

Tate

Zimmerman

2018

Nonprofit and Voluntary Sector Quarterly

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We extend both the U.S. and European nonprofit auditor choice literature by examining the determinants as well as consequences of local industry specialist auditor choice within the nonprofit sector. In our determinants models, we find that local industry specialist auditors are associated with higher governance quality, poorer financial health, and greater complexity. In our consequences models, we find robust evidence that nonprofits audited by non-Big 4 local industry specialist auditors have shorter audit report lag and see more future direct donations than nonprofits audited by nonspecialist auditors and Big 4 auditors. Additional findings and implications are discussed.

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Audit report lags in the Belgian non-profit sector: an empirical analysis

Cited by 12 publications

References 48 publications

Earnings Management by Non‐profit Organisations: Evidence from UK Charities

Earnings Management by Non‐profit Organisations: Evidence from UK Charities

Firm Size, Profitability, Leverage as Determinants of Audit Report Lag: Evidence From Indonesia

Does Hiring a Local Industry Specialist Auditor Matter to Nonprofit Organizations?

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