Abstract:
The financial statements can be useful and relevant if the financial statements reported in precise time. One of factors that can affect the accuracy of time in financial reporting is audit delay. Audit delay is length of time from company fiscal year end to date of independent auditors report published. This research aims to analyze the influence of some factors that affecting audit delay.
The population in this research is property and real estate companies listed in Indonesia Stock Exchange (BEI) from 2011 until 2014. Sample from the population are 36 companies for each year, consisting that 144 companies for those 4 years. The collected data based on purposive sampling method with two criteria established. Logistic regression analysis used to test hypotheses to explain the relationship between Company Size, Auditor Reputation, Solvability and Profitability as Independent variable toward Audit Delay as dependent variable.
The result from descriptive statistic shows the average of audit delay in this research are 79 days which is still below the standard set by OJK (90 days). From the model testing, the result of Overall Model Fit test and Goodness of Fit test shows that the model in this study is fit for the research. Simultaneously, all the independent variable has influence toward audit delay on property and real estate companies. The significant pseudo coefficient of determination, in this study is Nagelkerke R square, means that independent variable could explain the effect of dependent variable. Company size and auditor reputation have a negative insignificant effect toward audit delay. The other variables which are solvability and profitability have statically positive significant effect on the audit delay.
