“…the UK, USA and Australia) suggest that financial reporting timeliness is also a priority for regulators. Keeping in view the importance of the timely audited reports, in jurisdictions such as the UK, USA and Australia, there is a mandatory time period requirement for firms to provide audited financial statements to their shareholders and other key stakeholders (Behn, Sercy, & Woodroof, 2006;Doyle & Magilke, 2013;Schmidt & Wilkins, 2013;Sultana et al, 2015;Clatworthy and Peel, 2016).…”