An Examination of Audit Delay: Further Evidence from New Zealand

Charles A. P. N. Carslaw · Steven E. Kaplan

333 citations0/0 files storedAccounting and Business Research

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Auditing, Earnings Management, Governance Corporate Governance and Financial Management Financial Reporting and XBRL

Abstract

An important qualitative attribute of financial statements is timeliness. The recognition that the length of the audit may be the single most important determinant affecting the timing of earnings' announcements has motivated recent research on audit delay. The present study extends prior research by examining the multivariate relationship between a set of explanatory variables and audit delay for a large sample of New Zealand public companies. Further, the study includes two explanatory variables, company control (i.e. owner control versus manager control) and debt proportion, which have not previously been considered. The results indicate that both company size and sign of income significantly affect audit delay across the two years examined. Five other explanatory variables significantly affected audit delay for one of the two years examined. The adjusted R2s of the regression models, however, were relatively low. Additional analysis was also performed on each company control subsample. These results revealed that the effect of company size and income sign may be conditional upon company control. Implications from the results of the study for future research are discussed.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 333 citations exist upstream.

References

1984Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements 1984The effect of audit firm size on audit prices 1987An Empirical Analysis of Audit Delay 1989Audit delay and the timeliness of corporate reporting*1986Audit Prices, Product Differentiation, and Scale Economies: Further Evidence from the Australian Market

Cited by

2012Auditor-Provided Nonaudit Services and Audit Effectiveness and Efficiency: Evidence from Pre- and Post-SOX Audit Report Lags 2011Audit firm industry specialization and the audit report lag 2000Timeliness of corporate financial reporting in emerging capital markets: empirical evidence from the Zimbabwe Stock Exchange 2014Audit Committee Characteristics and Audit Report Lag 2012Audit committee effectiveness and timeliness of reporting: Indonesian evidence 2018Determinants and consequences of financial distress: review of the empirical literature 2009Determinants of audit report lag 2005Determinants of Audit Report Lag: Some Evidence from the Athens Stock Exchange

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.