Faktor-Faktor Yang Berpengaruh Terhadap Audit Report Lag (Studi Empiris Pada Emiten Industri Keuangan Di Bei)

Abstract

The timeliness of annual reports depend on the timeliness of auditor’s performance. The more timeline of publishing annual reports, more benefit can be delivered. This research investigates the factors influencing audit report lag in Indonesia. Sample of the research comprises 42 companies listed in Indonesian Stock Exchange during the year of 2010. The audit report lag for each sample companies ranged from a minimum interval of 25 days to a maximum interval of 129 days and 72 days in the average. Five hypotheses relating audit report lag to company size, profitability, leverage, auditor size, and audit opinion are tested in the research. The results of multiple linear regression support the alternate hypotheses put before except for the company size and leverage.
 
 Keywords: audit report lag, company size, profitability, leverage, auditor size, audit opinion.

Determinants of Audit Report Lag of Financial Statements in Banking Sector

“…This research is in line with Hariza and Maria (2012) that stated Profitability had significant influence toward ARL. It was also stated by Ariyani and Budiartha (2014) that reinforced statement that Profitability have significant influence toward ARL.…”

“…Thus, the second hypothesis in this research variable was accepted. This research is in line with Hariza and Maria (2012) that stated Companies that acquire Qualified Opinion has longer ARL than the companies that received unqualified opinion. This is because the management is trying to delay the submission of Financial Statement for Qualified Opinion is bad news for investors or other interested parties.…”

“…The completion of the audit report is marked with the date of the audit opinion which means it is the last was insignificant. Profitability is inconsistent because studies based on Hariza and Maria (2012), Aziz et al (2014), and Ariyani and Budiartha (2014) mentioned that profitability had significant result, but according to Alkhatib and Marji (2012), and Angruningrum and Wirakusuma (2013), it showed the vice versa. Auditor Opinion had significant influence on ARL which was stated by Arifa (2013), Aziz et al (2014), and Hariza and Maria (2012) but others stated that it had insignificant influence in Vuko and Cular (2014) research.…”

“…Profitability is inconsistent because studies based on Hariza and Maria (2012), Aziz et al (2014), and Ariyani and Budiartha (2014) mentioned that profitability had significant result, but according to Alkhatib and Marji (2012), and Angruningrum and Wirakusuma (2013), it showed the vice versa. Auditor Opinion had significant influence on ARL which was stated by Arifa (2013), Aziz et al (2014), and Hariza and Maria (2012) but others stated that it had insignificant influence in Vuko and Cular (2014) research. Auditor Switching showed significant influence which was conducted by Rustiarini and Sugiarti (2013), Wibowo (2012) but had insignificant result according to Maria (2012), Permatasari and Widuri (2013), Putra and Sukirman (2014), and Tambunan (2014).…”

“…There are five kinds of Auditor Opinion based on PSA 29 Section 508 are (1) Unqualified Opinion (2) Unqualified Opinion with explanatory language (3) Qualified Opinion (4) Adverse Opinion (5) Disclaimer Opinion. Hariza and Maria (2012) stated that companies that acquire Qualified Opinion have longer ARL than the companies that received unqualified opinion. This is because the management is trying to delay the submission of Financial Statement for Qualified Opinion which is bad news for investors or other interested parties.…”