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THE FACTORS AFFECTING AUDIT REPORT LAG FOR THE COMPANIES THAT LIABLE TO PREPARE CONSOLIDATED FINANCIAL STATEMENTS

Yıl 2013, , 275 - 291, 01.05.2013
https://doi.org/10.11122/ijmeb.2013.9.19.414

Öz

Accessing knowledge immediately, which provides an important input for decision process, has become a requirement of present day. Audit report lag also cause lag in releasing financial information. Audit report lag may be affected by many factors. The aim of this study is to determine the factors that affecting audit report lag for the companies which should prepare consolidated financial statements and listed on Borsa Istanbul between the years 2006-2011. Analysis results indicated that there is a significant relationship between audit report lag and following factors: size, earning news, auditor’s opinion and busy season factors as expected. On the other hand, findings showed that there is a significant but unexpected relationship between leverage and audit report lag

Kaynakça

  • Afıfy H. A. E. (2009). Determinants of audit report lag: does implementing corporate governance have any impact? empirical evidence from Egypt. Journal Of Applied Accounting Research, 10 (1), 56 – 86.
  • Aktaş R. & Karğın M. (2011). Timeliness of reporting and the quality of financial information. International Research Journal of Finance and Economics, 63, 71- 77.
  • Al–Ajmi, J. (2008). Audit and reporting delays: evidence from an emerging market, advances in accounting. Incorporating Advances In International Accounting, 24, 217–226.
  • Al–Ghanem, W & Hegazy, M. (2011). An empirical analysis of audit delays and timeliness of corporate financial reporting in Kuwait. Eurasian Business Review, 1(1), 73-90.
  • Ashton, R. H. & Wıllıngham, J. & Elliott, R. K. (1987), An empirical analysis of audit delay. Journal Of Accounting Research, 25 (2), 275- 292.
  • Ashton, R. H. & Graul, P. R. & Newton, J. D. (1989). Audit delay and the timeliness of corporate reporting. Contemporary Accounting Research, 5(2), 657-673.
  • Bamber, E. M., Bamber, L. S. & Shoderbek, M. P. (1993). Audit structure and other determinants of audit report lag: an empirical analysis. Auditing: A Journal Of Practice & Theory, 12 (1), 1- 23.
  • Carslaw C. A. P. N. & Kaplan S. E. (1991). An examination of audit delay: Further evidence from New Zealand. Accounling And Business Research, 22 (85), 21-32.
  • Hossaın, M. A. & Taylor P. J. (1998). An examination of audit delay: Evidence from Pakistan. Working Paper, University Of Manchester.
  • IOSCO. Causes, effects and regulatory implications of financal and economic turbulance in emerging markets - interim report. Retrieved October 10, 2012, http://www.sc.com.my/ clients/sccommy/links/ioscosept98..
  • Ishak, I., Sıdek A. S. M. & Rashid A. A. (2010) The effect of company ownership on the tımeliness of financial reporting: Empirical evidence from Malaysia. Unitar E-Journal, 6(2), 20-35.
  • Jaggı, B., & Tsui J. (2012). Determinants of audit report lag: Further evidence from Hong Kong. Accounting And Business Research, 30(1), 17-28.
  • Kenchel, W. R. & Payne J. L. (2001). Additional evidence on audit report lag. Auditing: A Journal Of Practice & Theory, 20(1), 137-146.
  • Khasharmeh, H. A. & Aljıfrı K. (2010). The timeliness of annual reports in Bahrain and the United Arab Emirates: An empirical comparative study. The International Journal Of Business And Finance Research, 4(1), 51-72.
  • Lee, H. Y., Mande V. & Son M. (2008) A comparison of reporting lags of multinational and domestic firms. Journal Of International Financial Management And Accounting, 19(1), 28-56.
  • Leventıs, S., Weetman P. & Caramanis, C. (2005). Determinants of audit report lag: Some evidence from the athens stock exchange. International Journal Of Auditing, 9(1), 45-58.
  • Mohamad, M. N., Shafıe R. & Wan-Hussın. W. N. (2010). Corporate governance and audit report lag in Malaysia. Asian Academy Of Management Journal Of Accounting And Finance, 6(2), 57–84.
  • Modugu, P. K., Eragbhe E. & Ikhatuna O. J. (2012). Determinants of audit delay in Nigerian companies: Empirical evidence. Research Journal Of Finance And Accounting, 3(6), 46- 55.
  • Newton, J. D. & Ashton R. H. (1989). The association between audit technology and audit delay. Auditing: The Journal Of Practice & Theory, 8, 22- 37.
  • Owusu, A. S. (2000). Timeliness of corporate financial reporting in emerging capital markets: empirical evidence from the Zimbabwe stock exchange. Accounting And Business Research, 30(3), 241-254.
  • Ponte, E. B. & Escobar R. T. (2008). Empirical analysis of delays in the signing of audit reports ın Spain. International Journal Of Auditing, 12, 129–140.
  • Schwartz, K.. B. & Soo, B. S. (1996). The association between auditor changes and reporting lags. Contemporary Accounting Research, 13(1), 353-370 .
  • Sermaye Piyasası Kurulu. Seri XI No:25 Sermaye piyasasında muhasebe standartları hakkında tebliğ. 15.11.2003 Tarih Ve 25290 Sayılı Resmi Gazete.
  • Sermaye Piyasası Kurulu, Seri XI No:29 Sermaye piyasasında finansal raporlamaya ilişkin esaslar tebliği. 09.04.2008 Tarihli Ve 26842 Sayılı Resmi Gazete.
  • Sermaye Piyasası Kurulu, Seri: IV No: 54 Kurumsal yönetim ilkelerinin belirlenmesine ve uygulanmasına ilişkin tebliğ. 11.10.2011 Tarihli Ve 28081 Sayılı Resmi Gazete.
  • Shleıfer, A. & Vıshny R. (1997). A survey of corporate governance. The Journal Of Finance, 52(2), 737-783.
  • Sungur, O. (2008). Korelasyon analizi. İçinde Şeref Kalaycı (Ed.), SPSS Uygulamalı Çok Değişkenli İstatistik Teknikleri. Ankara: Asil Yay.
  • Türel, A. (2010). Timeliness of financial reporting in emerging capital markets: Evidence from Turkey,İstanbul Üniversitesi İşletme Fakültesi Dergisi, 39(2), 227-240.
  • Yaacob N. M. & Che–Ahmad A. (2012). Adoption of FRS 138 and audit delay in Malaysia, International Journal Of Economics And Finance, 4(1), 167-176

KONSOLİDE FİNANSAL TABLO DÜZENLEME YÜKÜMLÜLÜĞÜ OLAN İŞLETMELERİN DENETİM SÜRESİNİ ETKİLEYEN FAKTÖRLER

Yıl 2013, , 275 - 291, 01.05.2013
https://doi.org/10.11122/ijmeb.2013.9.19.414

Öz

Karar verme sürecine önemli bir girdi sağlayan finansal bilgilere en kısa sürede ulaşmak günümüzde bir beklenti haline gelmiştir. Uzayan denetim süreleri, finansal bilgilerin yayınlanma süresini uzatmaktadır. Denetim süresinin uzunluğu pek çok faktörden etkilenebilmektedir. Çalışmamızın amacı, 2006-2011 yılları arasında Borsa İstanbul’da işlem gören ve konsolide finansal tablo düzenleme yükümlülüğü olan işletmelerin denetim süresini etkileyen faktörleri belirlemektir. Çalışmamızın sonucunda işletmelerinbüyüklüğü, kazanç haberleri, denetçi görüşü ve işletmenin yoğun dönemde denetlenmesi ile denetim süresi arasında beklenen yönde ve istatistiksel olarak anlamlı bir ilişki bulunduğu, kaldıraç oranı ve denetim süresi arasında ise beklenenden farklı yönde ve istatistiksel olarak anlamlı bir ilişki olduğunu ortaya konmuştur.

Kaynakça

  • Afıfy H. A. E. (2009). Determinants of audit report lag: does implementing corporate governance have any impact? empirical evidence from Egypt. Journal Of Applied Accounting Research, 10 (1), 56 – 86.
  • Aktaş R. & Karğın M. (2011). Timeliness of reporting and the quality of financial information. International Research Journal of Finance and Economics, 63, 71- 77.
  • Al–Ajmi, J. (2008). Audit and reporting delays: evidence from an emerging market, advances in accounting. Incorporating Advances In International Accounting, 24, 217–226.
  • Al–Ghanem, W & Hegazy, M. (2011). An empirical analysis of audit delays and timeliness of corporate financial reporting in Kuwait. Eurasian Business Review, 1(1), 73-90.
  • Ashton, R. H. & Wıllıngham, J. & Elliott, R. K. (1987), An empirical analysis of audit delay. Journal Of Accounting Research, 25 (2), 275- 292.
  • Ashton, R. H. & Graul, P. R. & Newton, J. D. (1989). Audit delay and the timeliness of corporate reporting. Contemporary Accounting Research, 5(2), 657-673.
  • Bamber, E. M., Bamber, L. S. & Shoderbek, M. P. (1993). Audit structure and other determinants of audit report lag: an empirical analysis. Auditing: A Journal Of Practice & Theory, 12 (1), 1- 23.
  • Carslaw C. A. P. N. & Kaplan S. E. (1991). An examination of audit delay: Further evidence from New Zealand. Accounling And Business Research, 22 (85), 21-32.
  • Hossaın, M. A. & Taylor P. J. (1998). An examination of audit delay: Evidence from Pakistan. Working Paper, University Of Manchester.
  • IOSCO. Causes, effects and regulatory implications of financal and economic turbulance in emerging markets - interim report. Retrieved October 10, 2012, http://www.sc.com.my/ clients/sccommy/links/ioscosept98..
  • Ishak, I., Sıdek A. S. M. & Rashid A. A. (2010) The effect of company ownership on the tımeliness of financial reporting: Empirical evidence from Malaysia. Unitar E-Journal, 6(2), 20-35.
  • Jaggı, B., & Tsui J. (2012). Determinants of audit report lag: Further evidence from Hong Kong. Accounting And Business Research, 30(1), 17-28.
  • Kenchel, W. R. & Payne J. L. (2001). Additional evidence on audit report lag. Auditing: A Journal Of Practice & Theory, 20(1), 137-146.
  • Khasharmeh, H. A. & Aljıfrı K. (2010). The timeliness of annual reports in Bahrain and the United Arab Emirates: An empirical comparative study. The International Journal Of Business And Finance Research, 4(1), 51-72.
  • Lee, H. Y., Mande V. & Son M. (2008) A comparison of reporting lags of multinational and domestic firms. Journal Of International Financial Management And Accounting, 19(1), 28-56.
  • Leventıs, S., Weetman P. & Caramanis, C. (2005). Determinants of audit report lag: Some evidence from the athens stock exchange. International Journal Of Auditing, 9(1), 45-58.
  • Mohamad, M. N., Shafıe R. & Wan-Hussın. W. N. (2010). Corporate governance and audit report lag in Malaysia. Asian Academy Of Management Journal Of Accounting And Finance, 6(2), 57–84.
  • Modugu, P. K., Eragbhe E. & Ikhatuna O. J. (2012). Determinants of audit delay in Nigerian companies: Empirical evidence. Research Journal Of Finance And Accounting, 3(6), 46- 55.
  • Newton, J. D. & Ashton R. H. (1989). The association between audit technology and audit delay. Auditing: The Journal Of Practice & Theory, 8, 22- 37.
  • Owusu, A. S. (2000). Timeliness of corporate financial reporting in emerging capital markets: empirical evidence from the Zimbabwe stock exchange. Accounting And Business Research, 30(3), 241-254.
  • Ponte, E. B. & Escobar R. T. (2008). Empirical analysis of delays in the signing of audit reports ın Spain. International Journal Of Auditing, 12, 129–140.
  • Schwartz, K.. B. & Soo, B. S. (1996). The association between auditor changes and reporting lags. Contemporary Accounting Research, 13(1), 353-370 .
  • Sermaye Piyasası Kurulu. Seri XI No:25 Sermaye piyasasında muhasebe standartları hakkında tebliğ. 15.11.2003 Tarih Ve 25290 Sayılı Resmi Gazete.
  • Sermaye Piyasası Kurulu, Seri XI No:29 Sermaye piyasasında finansal raporlamaya ilişkin esaslar tebliği. 09.04.2008 Tarihli Ve 26842 Sayılı Resmi Gazete.
  • Sermaye Piyasası Kurulu, Seri: IV No: 54 Kurumsal yönetim ilkelerinin belirlenmesine ve uygulanmasına ilişkin tebliğ. 11.10.2011 Tarihli Ve 28081 Sayılı Resmi Gazete.
  • Shleıfer, A. & Vıshny R. (1997). A survey of corporate governance. The Journal Of Finance, 52(2), 737-783.
  • Sungur, O. (2008). Korelasyon analizi. İçinde Şeref Kalaycı (Ed.), SPSS Uygulamalı Çok Değişkenli İstatistik Teknikleri. Ankara: Asil Yay.
  • Türel, A. (2010). Timeliness of financial reporting in emerging capital markets: Evidence from Turkey,İstanbul Üniversitesi İşletme Fakültesi Dergisi, 39(2), 227-240.
  • Yaacob N. M. & Che–Ahmad A. (2012). Adoption of FRS 138 and audit delay in Malaysia, International Journal Of Economics And Finance, 4(1), 167-176
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Research Article
Yazarlar

Yasemin Ertan Bu kişi benim

Elif Yücel Bu kişi benim

Mehlika Saraç Bu kişi benim

Yayımlanma Tarihi 1 Mayıs 2013
Yayımlandığı Sayı Yıl 2013

Kaynak Göster

APA Ertan, Y., Yücel, E., & Saraç, M. (2013). KONSOLİDE FİNANSAL TABLO DÜZENLEME YÜKÜMLÜLÜĞÜ OLAN İŞLETMELERİN DENETİM SÜRESİNİ ETKİLEYEN FAKTÖRLER. Uluslararası Yönetim İktisat Ve İşletme Dergisi, 9(19), 275-291. https://doi.org/10.11122/ijmeb.2013.9.19.414