THE EFFECT OF AUDIT COMMITTEES, AUDIT OPINIONS, AND COMPANY SIZE ON AUDIT DELAYS IN FOOD SECTOR COMPANIES LISTED ON THE IDX

Abstract

Audit delay refers to the time required to complete the audit of financial statements from the end of the reporting period until the issuance of the independent auditor’s report. The timeliness of financial statement disclosure is a critical aspect for companies because it affects the quality of information received by stakeholders. Although various studies have examined the factors influencing audit delay, previous research findings remain inconsistent, particularly regarding the effects of the audit committee, audit opinion, and firm size. Therefore, this study aims to analyze the effects of the audit committee, audit opinion, and firm size on audit delay among food sector companies listed on the Indonesia Stock Exchange for the 2020–2024 period. This study employs a quantitative approach using secondary data obtained from companies’ financial statements. The sampling technique utilized purposive sampling, resulting in a sample of 22 companies with a total of 110 observations. Data analysis was conducted using multiple linear regression with the assistance of SPSS software. The results indicate that the audit committee, audit opinion, and firm size each have a significant partial effect on audit delay. Furthermore, the audit committee, audit opinion, and company size also simultaneously have a significant effect on audit delay. The findings indicate that corporate governance factors, financial reporting quality, and company characteristics play a crucial role in ensuring the timely completion of audits. This study is expected to contribute to the development of accounting literature and serve as a basis for companies to improve the timeliness of their financial reporting.