Do Audit Committee Attributes and External Audit Affect Audit Report Delay? Evidence from Bahrain Bourse

The auditing profession is constantly promoting financial awareness and supporting timely audited financial information. This study empirically examines the impact of audit committee (AUC) attributes and external audit type on the audit report delay through a sample of 210 firm-year observations fro...

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Bibliographic Details
Published in2021 International Conference on Decision Aid Sciences and Application (DASA) pp. 627 - 632
Main Authors Mousa, Gehan A., Desoky, Abdelmohsen M., Elamir, Elsayed A.H., AbuRaya, Rania
Format Conference Proceeding
LanguageEnglish
Published IEEE 07.12.2021
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Summary:The auditing profession is constantly promoting financial awareness and supporting timely audited financial information. This study empirically examines the impact of audit committee (AUC) attributes and external audit type on the audit report delay through a sample of 210 firm-year observations from Bahrain Bourse covering the period 2016-2020. Our findings show that AUC independence, AUC number of meetings and AUC financial expertise, as well as external audit type, have significant negative effect on the audit report delay, while AUC size has nonsignificant impact. These attributes have a vital role in the efficiency of the AUC and hence can increase the quality of financial reports. Furthermore, large audit firms can help in issuing the audit report in a timely manner.
DOI:10.1109/DASA53625.2021.9682245