Investigating the effect of audit opinion & quality in the relationship between financial reporting complexity and audit delay
Subject Areas :
1 - Assistant Professor, Department of Accounting, Mashhad Branch, Islamic Azad University, Mashhad, Iran
Keywords: Audit characteristics, audit quality, audit report, financial reporting, financial statements,
Abstract :
Purpose: Since the audit report contains the opinion of the auditors about the credibility of the financial statements, investors usually prefer that the audit report be submitted with less delay. Based on this, it is important to research the variables that can affect the delay of the audit report. In this regard, the current research was trying to investigate the moderating effect of audit opinion and quality on the relationship between the complexity of financial reporting and the delay in the audit report. Methodology: For this research purpose, the data obtained from 140 companies admitted to the Tehran Stock Exchange during the years 2011 to 2021 were collected and analyzed in the form of four hypotheses using multivariate regression models. Findings: The research results show that audit firm's tenure, audit opinion, size of the audit institute, and audit fees moderate the relationship between the complexity of financial reporting and audit report delay. Originality: These findings generally indicate the effect of audit opinion and quality on the audit report delay in the presence of financial reporting complexity. This research helps to better understand the Iranian capital market regarding the factors affecting the delay of the audit report.
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