THE EFFECT OF PROFITABILITY RATIO, LEVERAGE, ACCOUNTING FIRM SIZE, AND AUDIT COMMITTEE TO AUDIT DELAY (STUDY IN LQ45 COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE PERIOD OF YEAR 2009- 2013)

Abstract

The purpose of this research is to analyze the influence of profitability ratio, leverage, accounting firm size, and audit committee to audit delay in LQ45 companies registered in Indonesia Stock Exchange period of year 2009 -2013. The data taken from www.idx.co.id consist of 17 companies. Purposive sampling method was used as samples selection method. This research used multiple regression method and classical assumption tests such as normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. Meanwhile, the hypothesis test used t-test and f-test to examine the variable influence jointly with significance level of 5%. By using Statistical Package Social Sciences (SPSS) version 20, the research findings showed that simultaneously, profitability ratio, leverage, accounting firm size, and audit committee statistical significantly affect audit delay. Partially, profitability ratio and accounting firm size do not affect audit delay, while leverage gives positive affect to audit delay and audit committee gives negative affect to audit delay. The coefficient determinant (R2) is 0.l96 which means 19.6% audit delay variation explained by 4 independent variables above, whereas 80.4% explained by another variables which is not followed.