A study on audit report timeliness: The Macedonian Stock Exchange-Reference-Cited by-同舟云学术

A study on audit report timeliness: The Macedonian Stock Exchange

Published:2021-09-01 Issue:3 Volume:57 Page:234-254
ISSN:2543-5361
Container-title:International Journal of Management and Economics
language:en
Short-container-title:

Author:

Srbinoska Dusica Stevcevska¹^ORCID,Srbinoski Igor¹

Affiliation:

1. University American College Skopje , School of Business Economics and Management , Skopje , North Macedonia

Abstract

Abstract Financial statements reflect important information about the entity's financial position, operating performance, and cash flows and must be made available in a timely fashion to all interested factions to stimulate opportune business judgments. Ergo, this paper examines the association of the audited annual report delay with eight entity and audit firm attributes. The sample includes 396 observations of 99 nonfinancial firms listed on the Macedonian Stock Exchange (MSE) for the period 2014–2017. The regression results designate a statistically significant relationship between the audit opinion, company liquidity, size, and industry with the audit opinion lag. Moreover, the publication period ranges from 43 days to 374 days suggesting that timeliness may be a significant concern for Macedonian entities regarding financial reporting policy. This is the first study to thoroughly assess the relationship between entity, auditor characteristics, and audit report timeliness on the developing Macedonian market.

Publisher

Walter de Gruyter GmbH

Link

https://www.sciendo.com/pdf/10.2478/ijme-2021-0015

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