The Effect of Financial Performance on Audit Delay with Firm Size as Moderation

Muhammad Ismail Hibatul Wafi, Wuryaningsih Wuryaningsih, Risya Khaerun Nisa

Abstract


Purpose: This study examines the effect of profitability, solvency, and liquidity on audit delay, with Firm size as a moderating variable. The healthcare sector was chosen due to its strict regulations, service stability, and reporting complexity exacerbated by the impact of the COVID-19 pandemic, making it relevant to study.

Method: Research using logistic regression analysis with the assistance of EViews 12 in healthcare sector companies using purposive sampling method.

Results: The research results indicate that the variables of profitability and solvency have an impact on audit delay, whereas the liquidity variable does not affect audit delay. Regarding the firm size variable, it can moderate the influence of profitability and liquidity on audit delay, while the firm size cannot moderate the impact of solvency on audit delay.

Implications: These results emphasize the importance of transparency and financial management in reducing audit delays in the healthcare sector. The findings are helpful for auditors and regulators in improving audit efficiency and timeliness of financial reporting.

Novelty: This research focused on the healthcare sector in Indonesia, which is an innovation from the study conducted by Anggraini et al. (2024). The study employed Return on Equity (ROE) measurement to identify profitability variables.

Keywords


audit delay; financial performance; firm size; healthcare sector

Full Text:

PDF

References


Aisyaturrahmi, A., Nuswantara, D. A., Prastiwi, D., Bhilawa, L., & Md Daud, S. A. M. (2021). Transparency and Accountability of a Village Fund Management During COVID-19 Crisis. International Journal of Service Management and Sustainability, 6(2), 189. https://doi.org/10.24191/ijsms.v6i2.15580

Al-Faruqi, R. A. (2020). Pengaruh Profitabilitas, Leverage, Komite Audit Dan Kompleksitas Audit Terhadap Audit Delay. Jurnal REKSA: Rekayasa Keuangan, Syariah Dan Audit, 7(1), 25. https://doi.org/10.12928/j.reksa.v7i1.2264

Ali, F., & Handro, A. (2022). Accountants and Auditors’ Perceptions of Technology and Attitude of Integrity in Preventing Fraud. El Muhasaba Jurnal Akuntansi, 13(2), 126–134. https://doi.org/10.18860/em.v13i2.14325

Alisha, I. C., & Muis, M. A. (2018). Pengaruh Profitabilitas, Solvabilitas, Likuiditas, Dan Ukuran Perusahaan Terhadap Audit Delay Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2015 - 2020. Accounting and Financial Review, 1(1), 46–51. http://jurnal.unmer.ac.id/index.php/afre

Anggraini, A., Muda, I., & Syarif, F. (2024). The Effect of Liquidity, Solvability and Profitability on Audit Delay with Company Size as A Moderating Variable (Indonesian State-Owned Banks & Malaysian Private Banks). Revista Electronica De Veterinaria, 25(1), 575–583. https://veterinaria.org/index.php/REDVET/article/view/594

Chen, J. Z., Elemes, A., Hope, O. K., & Yoon, A. S. (2024). Audit-Firm Profitability: Determinants and Implications for Audit Outcomes. European Accounting Review, 33(4), 1369–1396. https://doi.org/10.1080/09638180.2023.2169735

Dong, Y. (2023). Descriptive Statistics and Its Applications. Highlights in Science, Engineering and Technology, 47, 16–23. https://doi.org/10.54097/hset.v47i.8159

Dura, J. (2017). Pengaruh Profitabilitas, Likuiditas, Solvabilitas Dan Ukuran Perusahan Terhadap Audit Report Lag Pada Perusahaan Wholesale Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 4(1), 91–105. https://doi.org/10.51713/jarac.v4i1.71

Gustiana, E. C., & Rini, D. D. O. (2022). Pengaruh Profitabilitas, Solvabilitas, Ukuran Perusahaan dan Financial Distress Terhadap Audit Delay. Owner : Riset & Jurnal Akuntansi, 6(4), 3688–3700. https://doi.org/10.33395/owner.v6i4.1119

Handoko, B. L., Muljo, H. H., & Lindawati, A. S. L. (2019). The effect of company size, liquidity, profitability, solvability, and audit firm size on audit delay. International Journal of Recent Technology and Engineering, 8(3), 6252–6258. https://doi.org/10.35940/ijrte.C5837.098319

Hersan, K. Y., & Fettry, S. (2020). The Effects Of Liquidity, Solvency, Type Of Industry, And Auditor Switching On Audit Report Lag In LQ45 Index Companies. Riset: Jurnal Aplikasi Ekonomi Akuntansi Dan Bisnis, 2(1), 204–218. https://doi.org/doi.org/10.35212/riset.v2i1.48.

Inneh, E., Busari, R., Fakunle, I., Adeoye, E., & Kolawole, P. (2022). Does Audit Delay Enhance Financial Report Quality: Evidence from Nigerian Listed Non-Financial Institution? Research Journal of Finance and Accounting, 13(14), 19–26. https://doi.org/10.7176/rjfa/13-14-03

Julia, J. (2020). Effect Financial Ratio, Company Age, Size Public Accountant Firm In Audit Delay. Jurnal Akuntansi, 24(1), 51. https://doi.org/10.24912/ja.v24i1.641

Karina, A., & Kusumawardhani, F. (2023). Analysis of Solvability, Liquidity, and Company Size on Audit Delay with Audit Quality as Moderation. Jurnal Riset Akuntasi Kontemporer, 15(2), 209–218. https://doi.org/https://doi.org/10.23969/jrak.v15i2.7304

Lapinayanti, N. M. M., & Budiartha, I. K. (2018). Pengaruh Profitabilitas dan Leverage Pada Audit Delay dengan Ukuran Perusahan Sebagai Pemoderasi Fakultas Ekonomi dan Bisnis Universitas Udayana ( Unud ), Bali , Indonesia email : megalapina@gmail.com / Tlp : 082266269840 Fakultas Ekonomi dan Bisnis Unive. E-Jurnal Akuntansi Universitas Udayana, 23, 1066–1092. https://doi.org/doi.org/10.24843/EJA.2018.v23.i02.p10

LaValley, M. P. (2008). Logistic regression. Circulation, 117(18), 2395–2399. https://doi.org/10.1161/CIRCULATIONAHA.106.682658

Lubis, R. H., Ovami, D. C., & Chairani, S. (2019). Pengaruh Rasio Likuiditas, Solvabilitas, Profitabilitas, Dan Ukuran Perusahaan Terhadap Audit Delay Pada Perusahaan LQ 45. Jurnal Akuntansi Dan Pembelajaran, 8(2), 44–50. http://jurnal.unimed.ac.id/2012/index.php/karmapsi

Makin, A. J., & Layton, A. (2021). The global fiscal response to COVID-19: Risks and repercussions. Economic Analysis and Policy, 69, 340–349. https://doi.org/10.1016/j.eap.2020.12.016

Murdiansyah, I., & Sari, F. W. (2023). Influence of Profitability, Solvency, Company Size, and Auditor’S Opinion on Audit Delay. Kajian Akuntansi, 24(2), 303–311. https://doi.org/10.29313/kajian_akuntansi.v24i2.2493

Nabila, K., Sasmita, M. E., Adawiyah, R., & Putri, D. M. (2022). Information and Communication Technology: Mendorong Efisiensi Kinerja Auditor Selama Pandemi Covid-19. El Muhasaba Jurnal Akuntansi, 13(1), 1–16. https://doi.org/10.18860/em.v13i1.12165

Nisfiarani, R. R., Prasteyo, T. J., & Suhendro, S. (2023). Analysis of Factors That Influence Delays in Submitting Financial Reports and Their Impact on Market Reactions: A Literature Review. International Journal Of Education, Social Studies, And Management (IJESSM), 3(3), 39–52. https://doi.org/10.52121/ijessm.v3i3.187

Novalista, L. A., Anggraeni, E., & Nurmalia, G. (2024). Analysis of the Effect of Temporary Syirkah Funds and Operational Efficiency on Profitability with NPF as a Moderating Variable ( Study on Islamic Commercial Banks). KnE Social Sciences, 1st, 768–785. https://doi.org/10.18502/kss.v9i16.16287

Ozer, G., Merter, A. K., & Balcioglu, Y. S. (2023). Financial Reporting Timeliness: a Scope Review of Current Literature. Pressacademia, 2023(14), 87–91. https://doi.org/10.17261/pressacademia.2023.1759

Purwantoro, P., & Suhartono, E. (2023). Audit Delay In Industrial Firms: An Analysis Of Firm Size, Profitability, And Solvency. International Journal of Accounting, Management and Economics Research, 1(2), 62–71. https://doi.org/doi.org/10.56696/ijamer.v1i2.17

Putra, I. M. R. A., & Wirakusuma, M. G. (2022). Firm Size As a Moderating Variable on Audit Delay Factors Analysis. Integrated Journal of Business and Economics, 6(2), 87. https://doi.org/10.33019/ijbe.v6i2.407

Putra, I. P. K. B., & Sukartha, P. D. Y. (2023). Hubungan Kompleksitas Laporan Keuangan dengan Non-Compliant Audit Delay. Journal of Practical Management Studies, 1(1), 24–31. https://doi.org/10.61106/jpms.v1i1.4

Putra, R., Sumadi, & Yudha Pratiwi, B. (2018). Moderation Effect of Firm Size and Audit Complexity on the Influence of Internal Auditor on Audit Delay. Asia-Pacific Management Accounting Journal, 13(2), 201–215. https://api.semanticscholar.org/CorpusID:198592245

Sapiri, M. (2024). A Qualitative Analysis on the Role of Auditors in Preventing Financial Crises. Golden Ratio of Auditing Research, 4(2), 89–106. https://doi.org/10.52970/grar.v4i2.393

Saputra, A. D., & Fadjarenie, A. (2022). The Effect of Profitability, Solvency and Internal Audit on Audit Delay (Empirical Study on Mining Companies on the Indonesia Stock Exchange in 2017 - 2019). Asian Journal of Social Science Studies, 7(2), 36. https://doi.org/10.20849/ajsss.v7i2.1008

Sembiyeva, L., Bekturova, A., Saparova, B., Tazhikenova, S., Bekenova, A., & Amanova, G. (2023). Experience of Kazakhstan in Implementation of International Standards in Auditing: Healthcare Sector. Montenegrin Journal of Economics, 19(4), 187–198. https://doi.org/10.14254/1800-5845/2023.19-4.16

Shadrina, K. N., & Kuntadi, C. (2024). Faktor-Faktor Yang Mempengaruhi Audit Delay: Solvabilitas, Pergantian AuditorDan Opini Audit. Jurnal Nuansa: Publikasi Ilmu Manajemen Dan Ekonomi Syariah, 2(2), 144–160. https://doi.org/doi.org/10.61132/nuansa.v2i2.902

Siswanto, F., & Suhartono, S. (2022). Pengaruh Kepemilikan Institusional, Reputasi Kantor Akuntan Publik, Spesialisasi Industri Auditor, Profitabilitas, Dan Ukuran Perusahaan Terhadap Audit Delay (Studi Empiris Di Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia Periode 2018-2. Jurnal Akuntansi, 16(2), 192–218. https://doi.org/10.25170/jak.v16i2.3254

Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://www.sciencedirect.com/science/article/abs/pii/B9780122148507500255

Suginam. (2016). Faktor-Faktor Yang Mempengaruhi Audit Report Lag Pada Perusahaan Sektor Perdagangan Jasa Dan Investasi Yang Terdaftar Di Bursa Efek Indonesia. Majalah Ilmiah Informasi Dan Teknologi Ilmiah, 11(1), 61–71. https://stmik-budidarma.ac.id/ejurnal/inti/article/view/11/13

Sugiyono. (2016). Metode Penelitian Kunatitatif Kualitatif dan R&D. In Alfabeta, Bandung.

Super, S. O., & Shil, N. C. (2019). Effect of Audit Delay on the Financial Statements Sagin O. Super. Sumerianz Journal of Economics and Finance, 2(4), 2617–7641.

Tri Rahmawati, A., & Arief, A. (2020). Pengaruh Audit Tenure, Ukuran Kantor Akuntan Publik, Profitabilitas, Dan Solvabilitas Terhadap Audit Delay Dengan Opini Audit Sebagai Variabel Moderasi. Jurnal Ekonomi Trisakti, 2(2), 1079–1090. https://doi.org/10.25105/jet.v2i2.14556

Trisnaningsih, T. N., & Sutrisno, S. H. (2023). Pengaruh Profitabilitas, Solvabilitas, Ukuran Kap Dan Audit Tenure Terhadap Audit Delay Pada Perusahaan Sektor Industri Dasar Dan Kimia Di Bursa Efek Indonesia Tahun 2018-2021. Jurnal Ekonomi Trisakti, 3(1), 1561–1572. https://doi.org/10.25105/jet.v3i1.16192

Tumanggor, R. A., & Lubis, M. S. (2022). Pengaruh Likuiditas, Profitabilitas, Solvabilitas dan Ukuran perusahaan terhadap audit delay tahun 2017-2019. Owner : Riset & Jurnal Akuntansi, 6(2), 1208–1220. https://doi.org/10.33395/owner.v6i2.736

Wada, S. El, Subaki, A., & Zulpahmi, Z. (2021). Pengaruh Opini Audit, Profitabilitas, dan Kompleksitas Operasi Perusahaan Terhadap Audit Report Lag pada Perusahaan Pertambangan yang Terdaftar di BEI Periode 2014 - 2018. AKUNSIKA: Jurnal Akuntansi Dan Keuangan, 2, 24–33. https://doi.org/10.31963/akunsika.v2i1.2206




DOI: https://doi.org/10.18860/em.v16i2.32389

Refbacks

  • There are currently no refbacks.


Bookmark and Share


Editorial Office:
Megawati Soekarnoputri Building
Accounting Department, Faculty of Economics
Jln. Gajayana 50 Telp (0341) 558881
E-mail: elmuhasaba@uin-malang.ac.id
Universitas Islam Negeri Maulana Malik Ibrahim Malang

E-ISSN 2442-8922

P-ISSN 2086-1249

Member of:
 
Indexed by:

Creative Commons License

 

This work is licensed under a CC BY SA 4.0 International License

View My Stats