Int. J. of Trade and Global Markets   »   2017 Vol.10, No.4

 

 

Title: Empirical study of the determinants on audit reporting timeliness: evidence from Indonesia

 

Authors: Bambang Sutopo; Sutaryo; Yoshia Christian

 

Addresses:
Faculty of Economics and Business, Universitas Sebelas Maret, Jl. Ir. Sutami 36A Surakarta, 57126, Indonesia
Faculty of Economics and Business, Universitas Sebelas Maret, Jl. Ir. Sutami 36A Surakarta, 57126, Indonesia
Faculty of Economics and Business, Universitas Sebelas Maret, Jl. Ir. Sutami 36A Surakarta, 57126, Indonesia

 

Abstract: We investigate the determinants of audit reporting timeliness (ART) of local governments in Indonesia. ART is measured by the number of days from the date of the audit assignment to the date of signing the audit report by the Audit Board of the Republic of Indonesia. The factors predicted to have an association with the ART are entity resources, the compliance of the local government' financial statements submission, auditor competence, and a number of previous year's audit findings. Using a sample of 300 observations of local governments in 2012, our results show that SIZE is positively associated with ART, the audit time is longer for noncompliance local governments, the auditors take longer time in conducting the audit when the audit team leader has no professional certification, and the number of previous year's audit findings is positively associated with ART.

 

Keywords: ART; audit reporting timeliness; size; compliance; competence; audit findings; financial statements of local governments.

 

DOI: 10.1504/IJTGM.2017.10007080

 

Int. J. of Trade and Global Markets, 2017 Vol.10, No.4, pp.303 - 313

 

Available online: 27 Feb 2018

 

 

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