The Influence of Financial Distress, Profitability, and Firm Size on Audit Delay (An Empirical Study on Companies in the Properties and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange for the Period of 2017-2021)
DOI:
https://doi.org/10.38035/jafm.v4i6.286Keywords:
Profitability, Financial Distress, Firm Size, Audit DelayAbstract
This study aims to examine the factors that affect the audit delay in the Properties and Real Estate Sub-Sector companies listed on the Indonesia Stock Exchange for the period of 2017-2021. The factors used in this study are Financial Distress, Profitability, and Firm Size. This research is motivated by the importance of information on factors that can affect audit delay. In this study, to measure audit delay, it is measured based on the length of days needed to obtain an independent auditor's report. The population that was used as the object of observation in this study were the Properties and Real Estate Sub-Sector companies listed on the Indonesia Stock Exchange for the period 2017-2021, and a total of 65 companies were obtained. This sampling method uses a purposive sampling method, in which the method in sampling uses certain criteria. Then 34 companies were selected that met the criteria multiplied by the 5 year observation period so that the total data became 170 data. Samples were downloaded via the web http://www.idx.co.id and the type of data in this study was secondary data. The method of data analysis in this study is to use statistical calculations with the application of SPSS (Statistical Product and Service Solution). This study shows that Financial Distress and Profitability have a negative effect on Audit Delay. Meanwhile, the Firm Size variable has no significant effect on Audit Delay.
References
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Bahri, S., & Amnia, R. (2020). Effects of Company Size, Profitability, Solvability and Audit Opinion on Audit Delay. JOURNAL OF AUDITING, FINANCE, AND FORENSIC ACCOUNTING, 8(1), 27-35. doi:10.21107/jaffa.v8i1.7058
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Fairuzzaman, F., Azizah, D. M., & Anggraeni, Y. (2022). PENGARUH FIRM SIZE, SOLVABILITAS, DAN FINANCIAL DISTRESS TERHADAP AUDIT DELAY. Jurnal Akuntansi, Keuangan, Pajak dan Informasi (JAKPI), 2(1), 73-90.
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Irianti, K. B., Samrotun, Y. C., & Wahyuningsih, E. M. (2022). Faktor penentu audit delay pada perusahaan sektor barang konsumsi di bei periode 2018- 2020. AKUNTABEL, 19(1), 135-142.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency. Journal of Finance Economic, 3, 305-360. doi:10.1016/0304-405X(76)90026-X
Kristanti, C., & Mulya, H. (2021). The Effect of Leverage, Profitability and The Audit Committee on Audit Delay With Company Size as a Moderated Variables. Dinasti International Journal of Economics, Finance & Accounting, 2(3), 283-294.
Kristiana, L. W., & Annisa, D. (2022). PENGARUH KEPEMILIKAN INSTITUSIONAL, AUDITOR SWITCHING, DAN FINANCIAL DISTRESS TERHADAP AUDIT DELAY: Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 3(1), 267-278.
Lestari, S. Y., & Nuryatno, M. (2018). Factors Affecting the Audit Delay and Its Impact on Abnormal Return in Indonesia Stock Exchange. International Journal of Economics and Finance, 10(2), 48-56. doi:10.5539/ijef.v10n2p48
Patinaja, E. M., & Siahainenia, P. P. (2020). Pengaruh Ukuran Perusahaan, Opini Auditor dan Umur Perusahaan Terhadap Audit Delay. Accounting Research Unit (ARU Journal), 1(1), 13-22.
Permatasari, M. D., & Saputra, M. M. (2021). Analisis Faktor-Faktor yang Mempengaruhi Audit Delay. Jurnal Akuntansi Bisnis Pelita Bangsa, 6(01), 19-33.
Purnama, H. (2017). Analisis Faktor-Faktor yang mempengaruhi Audit Delay. 863-874.
Puryati, D. (2020). Faktor Yang Mempengaruhi Audit Delay. Jurnal Akuntansi, 7(2), 200-212. doi:10.30656/Jak.V7i2.2207
Riani, E., Umam, K., Saputra, M. C., Sibarani, R. S., & Prasetya, E. R. (2020). Pengaruh Ukuran Perusahaan, Profitabilitas Dan Auditor Internal Terhadap Audit Delay (Studi Empiris Pada Perusahaan Jasa Sektor Property Dan Real Estate Yang Terdaftar Pada Bursa Efek Indonesia Tahun 2016-2018). Proceedings Universitas Pamulang, 1(1), 63-74.
Romli, A. P., & D. A. (2020). Pengaruh Financial Distress, Pergantian Auditor Dan Manajemen Laba Terhadap Audit Delay. Ekopreneur, 105-123.
Rosalia, Novi, & Sukesti, F. (2018). Pengaruh Profitabilitas, Ukuran Perusahaan, Opini Audit dan Ukuran KAP Terhadap Audit Delay. Prosiding Seminar Nasional Mahasiswa Unimus, 1(E-ISSN),2654–766X.
Ross, S. (1977). The Determination of Financial Structure: The Incentive Signaling Approach. The Bell Journal of Economics, 8(1), 23-40.
Saputra, A. D., Ginting, W. A., & Irawan, C. R. (2020). Pengaruh Ukuran Perusahaan, Opini Audit, Umur Perusahaan, Profitabilitas dan Solvabilitas terhadap Audit Delay. Riset dan Jurnal Akuntansi, 4(2), 286-295. doi:10.33395/owner.v4n2.239
Syarli, Z. A. (2020). Pengaruh Financial Distress , Leverage , Dan Profitabilitas Terhadap Audit Delay Dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. Prosiding Seminar dan Diskusi Nasional Pendidikan Dasar "Transformasi Pendidikan Menyongsong SDM di Era Society 5.0"
Utami, W. (2006). Analisis Determinan Audit Delay Kajian Empiris di Bursa Efek Jakarta. Bulletin Penelitian , 9 (1), 19-31.
Wikan B. U, e. (2018). The Effect of Audit Opinion, Public Accounting Firm's Size, Company Size, And Company Profitability to Delay Audits In Registered Manufacturing Companies In Indonesia Stock Exchange In 2015-2017. International Journal of Economics, Business and Accounting Research (IJEBAR), 2(3), 45-50. Retrieved from http://www.jurnal.stie-aas/ijebar
Yanasari, L. F., Rahayu, M., & Utami, N. E. (2020). Pengaruh Profitabilitas, Solvabilitas dan Size terhadap Audit Delay pada Perusahaan yang terdaftar di Bursa Efek Indonesia. Ikra-Ith Ekonomika, 4(1), 84-93.
Amalia, R., & Daito, A. (2022). DETERMINAN AUDIT DELAY (STUDI EMPIRIK PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2017–2019). JURNAL MANAJEMEN PENDIDIKAN DAN ILMU SOSIAL, 3(2), 740-753.
Andhika, L. K., & Wirajaya, I. A. (2021). Faktor-Faktor yang Mempengaruhi Fenomena Audit Delay di Bursa Efek Indonesia. Jurnal Akuntansi, 31(1), 168-181. doi:10.24843/EJA.2021.v31.i01.p13
Apriyanti, & Santosa, S. (2014). Pengaruh Atribut Perusahaan dan Faktor Audit Terhadap Keterlambatan Audit pada Perusahaan yang Terdaftar di Bursa Efek Malaysia. Jurnal Akuntansi dan Keuangan, 16(2), 74-87. doi:10.9744/jak.16.2.74-87
Ashton, R. H., Willingham, J. J., & Elliot, R. K. (1987). n Empirical Analysis of Audit Delay. Journal of Accounting Research 25(2), 275-292.
Astuti, Supritriyani, & Sembiring, L. D. (2022). Impact of Reputation of Public Accounting Firm as Mediating Between Leverage, Profitability, and Company Size Agains Audit Delay of Large Trading Companies on Indonesia Stock Exchange. Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship, 11(2), 177-196.
Bahri, S., & Amnia, R. (2020). Effects of Company Size, Profitability, Solvability and Audit Opinion on Audit Delay. JOURNAL OF AUDITING, FINANCE, AND FORENSIC ACCOUNTING, 8(1), 27-35. doi:10.21107/jaffa.v8i1.7058
Belkaoui, A. (2004). Accounting Theory. Singapore: Chengage Learning.
Cahyati, A. D., & Anita, A. (2019). Pengaruh Profitabilitas, Solvabilitas, Dan Opini Auditor Terhadap Audit Delay Dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. Jurnal Penelitian Teori Dan Terapan Akuntansi (PETA), 4(2), 106–127. https://doi.org/10.51289/peta.v4i2.408
Dyer, J. C., & McHugh, J. A. (1975). The Timeliness of the Australian Annual Report. Journal of Accounting Research, 13(2).
Fairuzzaman, F., Azizah, D. M., & Anggraeni, Y. (2022). PENGARUH FIRM SIZE, SOLVABILITAS, DAN FINANCIAL DISTRESS TERHADAP AUDIT DELAY. Jurnal Akuntansi, Keuangan, Pajak dan Informasi (JAKPI), 2(1), 73-90.
Faradista, C. S., & H. S. (2022). Pengaruh Financial Distress, Laba Operasi dan Ukuran Perusahaan Terhadap Audit Delay. Jurnal Simki Economic, 20-32.
Febriyanti, E., & Purnomo, L. I. (2021). Pengaruh Audit Complexity, Financial Distress, dan Jenis Industri terhadap Audit Delay. Prosiding Sarjana Akuntansi Tugas Akhir Secara Berkala, 1(1), 645-663.
Firstiyanendro, L., & Utomo, D. (2021). Profitabilitas, Ukuran Perusahaan, Reputasi Kantor Akuntan Publik, Audit Delay. Proceeding SENDIU, 172-178.
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 (9 ed.). Semarang: Badan Penerbit Universitas Diponegoro.
Indrayani, N. P., & Wiratmaja, I. N. (2021). Pergantian Auditor, Opini Audit, Financial Distress dan Audit Delay. E-Jurnal Akuntansi, 31(4), 880-893. doi:10.24843/EJA.2021.v31.i04.p07
Indriani, A., & Alamsyah, S. (2020). Pengaruh Profitabilitas dan Solvabilitas Terhadap Audit Delay (Studi Kasus Pada Perusahaan Sub Sektor Minyak dan Gas yang. Jurnal Akuntansi & Ekonomika, 10(2), 198-205. doi:DOI : 10.37859/jae.v10i2.2060
Intan, K. (2022, Juni 06). Belum Sampaikan Laporan Keuangan Tahun 2021, 68 Emiten Kena Denda. (T. Mahadi, Editor) Retrieved Desember 15, 2022, from Kontan.co.id: https://investasi.kontan.co.id/news/belum-sampaikan-laporan-keuangan-tahun-2021-68-emiten-kena-denda
Irianti, K. B., Samrotun, Y. C., & Wahyuningsih, E. M. (2022). Faktor penentu audit delay pada perusahaan sektor barang konsumsi di bei periode 2018- 2020. AKUNTABEL, 19(1), 135-142.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency. Journal of Finance Economic, 3, 305-360. doi:10.1016/0304-405X(76)90026-X
Kristanti, C., & Mulya, H. (2021). The Effect of Leverage, Profitability and The Audit Committee on Audit Delay With Company Size as a Moderated Variables. Dinasti International Journal of Economics, Finance & Accounting, 2(3), 283-294.
Kristiana, L. W., & Annisa, D. (2022). PENGARUH KEPEMILIKAN INSTITUSIONAL, AUDITOR SWITCHING, DAN FINANCIAL DISTRESS TERHADAP AUDIT DELAY: Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 3(1), 267-278.
Lestari, S. Y., & Nuryatno, M. (2018). Factors Affecting the Audit Delay and Its Impact on Abnormal Return in Indonesia Stock Exchange. International Journal of Economics and Finance, 10(2), 48-56. doi:10.5539/ijef.v10n2p48
Patinaja, E. M., & Siahainenia, P. P. (2020). Pengaruh Ukuran Perusahaan, Opini Auditor dan Umur Perusahaan Terhadap Audit Delay. Accounting Research Unit (ARU Journal), 1(1), 13-22.
Permatasari, M. D., & Saputra, M. M. (2021). Analisis Faktor-Faktor yang Mempengaruhi Audit Delay. Jurnal Akuntansi Bisnis Pelita Bangsa, 6(01), 19-33.
Purnama, H. (2017). Analisis Faktor-Faktor yang mempengaruhi Audit Delay. 863-874.
Puryati, D. (2020). Faktor Yang Mempengaruhi Audit Delay. Jurnal Akuntansi, 7(2), 200-212. doi:10.30656/Jak.V7i2.2207
Riani, E., Umam, K., Saputra, M. C., Sibarani, R. S., & Prasetya, E. R. (2020). Pengaruh Ukuran Perusahaan, Profitabilitas Dan Auditor Internal Terhadap Audit Delay (Studi Empiris Pada Perusahaan Jasa Sektor Property Dan Real Estate Yang Terdaftar Pada Bursa Efek Indonesia Tahun 2016-2018). Proceedings Universitas Pamulang, 1(1), 63-74.
Romli, A. P., & D. A. (2020). Pengaruh Financial Distress, Pergantian Auditor Dan Manajemen Laba Terhadap Audit Delay. Ekopreneur, 105-123.
Rosalia, Novi, & Sukesti, F. (2018). Pengaruh Profitabilitas, Ukuran Perusahaan, Opini Audit dan Ukuran KAP Terhadap Audit Delay. Prosiding Seminar Nasional Mahasiswa Unimus, 1(E-ISSN),2654–766X.
Ross, S. (1977). The Determination of Financial Structure: The Incentive Signaling Approach. The Bell Journal of Economics, 8(1), 23-40.
Saputra, A. D., Ginting, W. A., & Irawan, C. R. (2020). Pengaruh Ukuran Perusahaan, Opini Audit, Umur Perusahaan, Profitabilitas dan Solvabilitas terhadap Audit Delay. Riset dan Jurnal Akuntansi, 4(2), 286-295. doi:10.33395/owner.v4n2.239
Syarli, Z. A. (2020). Pengaruh Financial Distress , Leverage , Dan Profitabilitas Terhadap Audit Delay Dengan Ukuran Perusahaan Sebagai Variabel Pemoderasi. Prosiding Seminar dan Diskusi Nasional Pendidikan Dasar "Transformasi Pendidikan Menyongsong SDM di Era Society 5.0"
Utami, W. (2006). Analisis Determinan Audit Delay Kajian Empiris di Bursa Efek Jakarta. Bulletin Penelitian , 9 (1), 19-31.
Wikan B. U, e. (2018). The Effect of Audit Opinion, Public Accounting Firm's Size, Company Size, And Company Profitability to Delay Audits In Registered Manufacturing Companies In Indonesia Stock Exchange In 2015-2017. International Journal of Economics, Business and Accounting Research (IJEBAR), 2(3), 45-50. Retrieved from http://www.jurnal.stie-aas/ijebar
Yanasari, L. F., Rahayu, M., & Utami, N. E. (2020). Pengaruh Profitabilitas, Solvabilitas dan Size terhadap Audit Delay pada Perusahaan yang terdaftar di Bursa Efek Indonesia. Ikra-Ith Ekonomika, 4(1), 84-93.
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Published
2024-01-02
How to Cite
Rino, R. M., & Apollo Daito. (2024). The Influence of Financial Distress, Profitability, and Firm Size on Audit Delay (An Empirical Study on Companies in the Properties and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange for the Period of 2017-2021). Journal of Accounting and Finance Management, 4(6), 440–447. https://doi.org/10.38035/jafm.v4i6.286
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