Determinants and implications of long audit reporting lags: evidence from China

Chan, Kitman; Luo, Vivian Wei; Mo, Phyllis Lai Lan

doi:10.1080/00014788.2015.1039475

Cited by 65 publications

(92 citation statements)

References 36 publications

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“…This perspective suggests positive associations between ARL and both board independence and board meeting frequencies. However, more frequent board meetings, with more independent board members, enhance the oversight function of the board and ensure a more timely submission of audited financial reports, thus reducing the ARL (K. H. Chan, Luo, & Mo, ).H7C ARL is longer for firms with larger board sizes .H7D Board independence and board meeting frequencies affect ARL .…”

Section: Hypotheses Developmentmentioning

confidence: 99%

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Determinants of audit report lag: A meta‐analysis

et al. 2018

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This paper provides a meta‐analysis of the determinants of audit report lag, defined as the period between a company's fiscal year end and the audit report date. We group the meta‐analyzed studies into three categories: (a) audit and audit‐related determinants, (b) corporate governance‐related determinants, and (c) firm‐specific determinants. We find that audit opinion and audit season variables increase audit report lag, whereas Big 4 affiliation, nonaudit services, and auditor tenure decrease audit report lag. Among the corporate governance determinants, the existence of a financial expert member on an audit committee, and ownership concentration, reduce audit report lag. Finally, an examination of firm‐level characteristics reveals that firm complexity increases audit report lag, whereas profitability reduces it. We employ a meta‐regression technique and identify publication bias. Although we find some evidence of journal quality as a contributor to publication bias, the extent of publication bias from this source is small.

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Section: Hypotheses Developmentmentioning

confidence: 99%

“…Another related complexity factor that could have implications for ARL is the presence of extraordinary items (K. H. Chan et al, ; Schwartz & Soo, ). Extraordinary items report material events that are not part of a company's normal business operations.…”

Section: Hypotheses Developmentmentioning

confidence: 99%

Determinants of audit report lag: A meta‐analysis

et al. 2018

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“…Abnormal audit delay is the portion of the audit delay that cannot be explained by factors identified in prior research that determine audit delay (Kross and Schroeder, 1984). Chan et al (2016) define abnormal audit delay as delay caused by material discrepancy between the auditor and client regarding accounting practices and/or calculation of accounting numbers.…”

Section: Conceptual Framework Abnormal Audit Delaymentioning

confidence: 99%

“…Their result reveal that there is a negatively relationship abnormal delays in the audit process and earnings quality. Chan et al (2015) conducted a study on the causes and consequences of long audit report. The results showed that scales chosen for risk and complexity of the audit and audit professionals are all involved in the audit report delay and firms that present audit reports with a longer delay are likely to encounter non-approved comments in subsequent periods.…”

Section: Empirical Frameworkmentioning

confidence: 99%

“…Abnormal audit delay is the portion of the audit delay that cannot be explained by factors identified in prior research that determine audit delay. Chan et al (2016) report that abnormal audit delay often suggests the presence of prolonged auditor/client negotiations emanating from concerns about the client firms' earnings quality. From foregoing, this study seeks to ascertain the effects earnings quality on abnormal audit delay in the Nigerian banking sector.…”

Section: Introductionmentioning

confidence: 99%

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Abnormal Audit Delay and Earnings Quality in Nigerian Banking

Dabor

Uyagu

2018

Sriwijaya Int. J. of Dynamic Eco. And Buss.

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Abstract:The objective of this study is to ascertain the relationship abnormal audit delay and earnings quality in the Nigeria. The study focused on the Nigerian banking sector. The Ordinary Least Square statistical technique was adopted. Eleven banks were selected using the simple random sampling technique. The period under review is eleven years from 2005-2015. The results showed that earnings quality has a negative relationship with abnormal audit delay. The study recommended that management should be prohibited from constant changing of accounting calculation that can cause material discrepancy between the auditor and client regarding accounting practices.

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Descriptive Study on Audit Quality Reporting: Evidence from Listed Firms in Bahrain

Al-Absy

Mahdi²

2023

Digitalisation: Opportunities and Challenges for Business

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Determinants and implications of long audit reporting lags: evidence from China

Cited by 65 publications

References 36 publications

Determinants of audit report lag: A meta‐analysis

Determinants of audit report lag: A meta‐analysis

Abnormal Audit Delay and Earnings Quality in Nigerian Banking

Descriptive Study on Audit Quality Reporting: Evidence from Listed Firms in Bahrain

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