A study on audit report timeliness: The Macedonian Stock Exchange

• Autorzy: Dusica Stevcevska Srbinoska , Igor Srbinoski
• Języki publikacji: EN

Abstrakty

EN

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.(original abstract)

Słowa kluczowe

EN

Audit; Annual report of the company; Financial indicators; Stock market

PL

Audyt; Raport roczny przedsiębiorstwa; Wskaźniki finansowe; Giełda papierów wartościowych

• Czasopismo: International Journal of Management and Economics
• Rocznik: 2021
• Tom: 57
• Numer: nr 3
• Strony: 234--254

Twórcy

autor

Dusica Stevcevska Srbinoska

• University American College Skopje, School of Business Economics and Management, Skopje

autor

Igor Srbinoski

• University American College Skopje; School of Business Economics and Management

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Identyfikatory

DOI

10.2478/ijme-2021-0015