Aljaaidi, Khaled Salmen and Bagulaidah, Ghassan Saeed and Ismail, Noor Azizi and Fadzil, Faudziah Hanim (2015) An empirical invistigation of determinants associated with audit report lag in Jordan. Jordan Journal of Business Administration, 11 (4). pp. 963-980. ISSN 1815-8633

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Abstract

This paper examines whether external auditor's reliance on the work of internal audit function and audit committee's characteristics are associated with audit report lag.We posit that an effective audit committee and more reliance on the work of client's internal auditor reduce external audit efforts, thus reducing audit report lag. Data was obtained from 87 survey respondents (external auditors) of listed companies in Amman Stock Exchange (ASE) in Jordan and annual reports of the respective firms for the year 2009. Ordinary Least Square (OLS) regression analysis show that, an active audit committee (more frequent meetings) and a high percentage of reliance on the work of internal audit function by the external auditors are associated with shorter audit report lag.The results of this study would offer important implications to accounting and auditing policy makers, ASE, external auditors and Jordanian public companies.

Item Type:	Article
Uncontrolled Keywords:	External auditor's reliance decision, audit committee, internal audit function, audit report lag, Amman stock exchange.
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Othman Yeop Abdullah Graduate School of Business
Depositing User:	Prof. Dr. Noor Azizi Ismail
Date Deposited:	24 Feb 2016 06:36
Last Modified:	12 Apr 2016 07:04
URI:	https://repo.uum.edu.my/id/eprint/17331

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