The Effect of Audit Report Lag, Regulation, Audit Fee Stickiness on Audit Quality with Economic Failure as a Moderating Variable
DOI:
https://doi.org/10.33062/ajb.v9i01.52Keywords:
Audit Report Lag, Regulation, Audit Fee Stickiness, Kualitas Audit, Economic FailureAbstract
The purpose of this study was to test empirically the effect of audit report lag, regulation and audit fee stickiness on audit quality. The population used in this study are property and real estate companies listed on the Indonesia Stock Exchange in 2019-2021. The research sample was determined using purposive sampling method. Samples that meet the criteria are 31 companies with a total of 93 units of analysis. The type of data used is secondary data. The data analysis method used in this research is descriptive analysis and Moderated Regression Analysis.The results of this study indicate that audit report lag has a significant negative effect on audit quality, regulation has a significant positive effect on audit quality and audit fee rigidity has no effect on audit quality. Judging from the interaction effect, economic failure has no influence in moderating the variables of audit report lag, regulation and audit fee rigidity on audit quality. Further research is suggested to calculate the upward and downward movement of audit fees because in this study audit fee stickiness does not affect audit quality. Subsequent research can also replace the regulatory proxies used and use other company sectors and add years of research.
References
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Darmawan, M. S. (2021). Pengaruh Audit Fee , Audit Tenure , Audit Delay Dan Auditor Switching Pada Kualitas Audit. Jurnal Ilmu Dan Riset Akuntansi, 10(5), 1–18.
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Du, X., & Lai, S. (2018). Financial Distress, Investment Opportunity, and the Contagion Effect of Low Audit Quality: Evidence from China. Journal of Business Ethics, 147(3), 565–593. https://doi.org/10.1007/s10551-015-2986-5
Dwekat, A., Abdeljawad, I., & Mardawi, Z. (2018). Corporate governance and auditor quality choice: Evidence from Palestinian corporations. International Journal of Economics and Financial Issues, 8(2), 47–53. http:www.econjournals.com
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Chang, H., Guo, Y., & Mo, P. L. W. (2019). Market Competition, Audit Fee Stickiness, and Audit Quality: Evidence from China. American Accounting Association.
Darmawan, M. S. (2021). Pengaruh Audit Fee , Audit Tenure , Audit Delay Dan Auditor Switching Pada Kualitas Audit. Jurnal Ilmu Dan Riset Akuntansi, 10(5), 1–18.
de Villiers, C., Hay, D., & (Janice)Zhang, Z. (2013). Audit fee stickiness. Managerial Auditing Journal, 29(1), 2–26. https://doi.org/10.1108/MAJ-08-2013-0915
Du, X., & Lai, S. (2018). Financial Distress, Investment Opportunity, and the Contagion Effect of Low Audit Quality: Evidence from China. Journal of Business Ethics, 147(3), 565–593. https://doi.org/10.1007/s10551-015-2986-5
Dwekat, A., Abdeljawad, I., & Mardawi, Z. (2018). Corporate governance and auditor quality choice: Evidence from Palestinian corporations. International Journal of Economics and Financial Issues, 8(2), 47–53. http:www.econjournals.com
Ettredge, M. L., Bedard, J. C., & Johnstone, K. M. (2008). Empirical Tests of Audit Budget Dynamics. Behavioral Research in Accounting, 20(2), 1–18. https://doi.org/10.2308/bria.2008.20.2.1
Fauziyyah, D. (2020). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening (Survei Pada Perusahaan Jasa Sub Sektor Property Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2018). https://scholar.google.com/scholar?hl=id&as_sdt=0%2C5&scioq=fauziyyah&scilib=1&q=fauziyyah&btnG=
Fujianti, L. (2019). The role of legal compliance and good corporate governance on reducing audit delay on publicly listed companies in Indonesia. Research in World Economy, 10(3). https://doi.org/10.5430/RWE.V10N3P359
Gerged, A. M., Mahamat, B. B., & Elmghaamez, I. K. (2020). Did corporate governance compliance have an impact on auditor selection and quality? Evidence from FTSE 350. International Journal of Disclosure and Governance, 17(2–3), 51–60. https://doi.org/10.1057/s41310-020-00074-1
Hutomo, M. A., Hindria Dyah Pita Sari, R., & Nopiyanti, A. (2021). Pengaruh Transfer Pricing, Thin Capitalization, Dan Tunneling Incentive Terhadap Agresivitas Pajak. PROSIDING BIEMABusiness Management, Economic, and Accounting National Seminar, 2, 141–157.
Idris, M. (2020). Jejak Hitam PT Hanson International, Manipulasi Laporan Keuangan 2016. https://money.kompas.com/read/2020/01/15/160600526/jejak-hitam-pt-hanson-international-manipulasi-laporan-keuangan-2016?page=all
Irawati, I., Salju, S., & Hapid, H. (2019). Pengaruh Penggunaan Sistem Informasi Manajemen Terhadap Kualitas Laporan Keuangan Pada Pt. Telkom Kota Palopo. Jurnal Manajemen STIE Muhammadiyah Palopo, 3(2), 6–12. https://doi.org/10.35906/jm001.v3i2.302
Jannah, A. P. A., & Harymawan, I. (2021). Pengaruh Audit Fee Stickiness Terhadap Kualitas Audit. Jurnal Akuntansi Dan Bisnis, 21(1), 43–56.
Jensen, M, C., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics. https://doi.org/https://doi.org/10/1016/0304-405X(76)90026-X
Khoirunnisa, W., Fadhilah, W. A., Astuti, W. W., Mawarni, Y. I., & Gunawan, A. (2021). Tinjauan Kualitas Audit Jarak Jauh Di Masa Pandemi Covid-19. IRWNS: Prosiding The 12th Industrial Research Workshop and National Seminar, 12, 1162–1166. http://e-journal.unmas.ac.id/index.php/karma/article/view/2783
Knechel, W. R. (2016). Audit Quality and Regulation. International Journal of Auditing, 223, 215–223. https://doi.org/10.1111/ijau.12077
Krishnatama, D., Prita, S., Akuntasi, J., Ekonomi, F., Unej, U. J., & Kalimantan, J. (2019). Analisis Potensi Kebangkrutan Perusahaan Menggunakan Metode Altman Z-Score pada Perusahaan Sektor Property & Real Estate yang Terdaftar di BEI ( Analysis of Bankruptcy Potential Using Altman Z-Score Method in Property & Real Estate Sector Companies Listed. VI(1), 114–119.
Kurniawansyah, D. (2018). Teori Agency Dalam Pemikiran Organisasi ; Pendekatan Positivist Dan Principle-Agen. Jurnal Riset Akuntansi Dan Bisnis Airlangga, 3(2), 435–446. https://doi.org/10.31093/jraba.v3i2.122
Lizara, F.P & Subiyanto, B. (2022). Pengaruh Ukuran Perusahaan, Audit Tenure, dan Financial Distress Terhadap Kualitas Audit (Studi Pada Perusahaan Jasa Sektor Keuangan yang Terdaftar di BEI Periode 2017-2021). Jurnal Ekonomi Dan Bisnis (E-QIEN), 11(4), 79–84.
Löhlein, L. (2016). From peer review to PCAOB inspections: Regulating for audit quality in the U.S. Journal of Accounting Literature, 36, 28–47. https://doi.org/10.1016/j.acclit.2016.05.002
Meini, Z., & Nikmah, R. U. (2022). Pengaruh Opini Auditor, Pergantan Auditor dan Reputasi Aditor Terhadap Audit Delay dan Dampakya Terhadap Biaya Modal Perusahaan. FAIR VLUE Jurnal Ilmiah Akunansi Dan Keuangan, 4(3), 1128–1145.
Salehi, M., Komeili, F., & Daemi Gah, A. (2019). The impact of financial crisis on audit quality and audit fee stickiness: evidence from Iran. Journal of Financial Reporting and Accounting, 17(2), 201–221. https://doi.org/10.1108/JFRA-04-2017-0025
Sasmita, R. D., & Widaryanti. (2022). Pengaruh Tekanan Klien Dan Audit Tenure Terhadap Kualitas Audit Dengan Etika Auditor Sebagai Variabel Pemoderasi. Jurnal Ilmiah Fokus Ekonomi, Manajemen, Bisnis Dan Akuntansi ISSN, 01(03), 308–317.
Setiadi, A. D. P., & Siagian, V. (2022). Pengaruh Jumlah Komite Audit, Ukuran Perusahaan dan Audit Report Lag terhadap Kualitas Audit (Studi Empiris Perusahaan Industri Dasar dan Kimia yang Terdaftar di BEI 2016-2020). Jurnal Akuntansi Dan Bisnis Krisnadwipayana, 9(2), 699. https://doi.org/10.35137/jabk.v9i2.657
Sibuea, K., & Arfianti, R. I. (2021). Pengaruh Kualitas Audit, Ukuran Perusahaan, Kompleksitas Perusahaan Dan Risiko Perusahaan Terhadap Audit Fee. Jurnal Akuntansi, 10(2), 126–140. https://doi.org/10.46806/ja.v10i2.804
Sinaga, A. N., Sitorus, P. Z. E., & Haumahu, S. R. (2021). Pengaruh Audit Tenure, Ukuran Perusahaan, Audit Delay Dan Komite Audit Terhadap Kualitas Audit Pada Perusahaan Trade, Service and Investment Yang Terdaftar Di Bursa Efek Indonesia Tahun 2017-2020. Jurnal Review Pendidikan Dan Pengajaran, 4(1), 190–200. https://doi.org/10.31004/jrpp.v4i1.1931
Sitompul, S. M., Panjaitan, M., & Ginting, W. A. (2021). Pengaruh fee audit, rotasi auditor, reputasi KAP, audit delay terhadap kualitas audit. Jurnal Paradigma Ekonomika, 16(3), 559–570. https://doi.org/10.22437/jpe.v16i3.12748
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Surachman, A. E. (2020). Pengaruh Pengungkapan CSR Terhadap Kualitas Audit. Journal AKuntansi, 16(02), 62–75.
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