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Audit Report Lag: Specialized Auditor and Corporate Governance

Arya Pradipta ()
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Arya Pradipta: Trisakti School of Management, Jl. Kyai Tapa No. 20, Jakarta, Indonesia Author-2-Name: Arvivid Gracenia Zalukhu Author-2-Workplace-Name: Trisakti School of Management, Jl. Kyai Tapa No. 20, Jakarta, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:

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Abstract: Objective - This paper aims to obtain empirical evidence about the influence of specialized auditors, audit tenure, audit committee, board independence, ownership concentration, and auditor quality on audit report lag in Indonesian manufacturing firms. Methodology/Technique - The population is all manufacturing companies listed on the Indonesia Stock Exchange between 2010 and 2016. Multiple linear regressions was used as the data analysis method. Finding - The results of this research show that specialized auditors, board independence, ownership concentration and auditor quality all have an influence on audit report lag. Meanwhile, audit tenure and audit committee do not have an influence on audit report lag. Novelty - Specialized auditors will provide better performance than non-specialized auditors. Specialized auditors will apply more appropriate planning and monitoring on the audit procedure. Specialized auditors need longer time to audit financial statements, which effects audit report lag. The presence of an independent board requires higher quality financial statements. Thus, the auditor needs to put more effort into the verification process of financial statements. The largest shareholders tend to be committed and responsible to the company's reputation. Managers will demand the audit report lag in a timely manner, in order to maintain the trust and satisfaction of the company's largest shareholders.

Keywords: Audit Report Lag; Specialized Auditor; Board Independence; Ownership Concentration; Auditor Quality. (search for similar items in EconPapers)
JEL-codes: G30 M42 (search for similar items in EconPapers)
Pages: 8
Date: 2020-03-31
New Economics Papers: this item is included in nep-acc, nep-cfn and nep-sea
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Citations: View citations in EconPapers (2) Track citations by RSS feed

Published in Global Journal of Business and Social Science Review, Volume 8, Issue 1.

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