Who’s To Blame For Audit Delays: Financial Pressure, Profitability, or The Auditor?
Abstract
This research investigates the influence of financial distress, profitability, and audit quality on audit delay among manufacturing firms listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. Audit delay, the time lag between fiscal year-end and audit report issuance, remains a pressing issue in emerging markets, raising concerns over transparency and stakeholder confidence. Using purposive sampling, 100 firm-year observations were analyzed through multiple linear regression. The results reveal that financial distress does not significantly affect audit delay, suggesting that distressed firms may prioritize timely reporting. Contrary to expectations, profitability shows a positive relationship with audit delay, indicating that highly profitable firms may undergo more complex audits due to operational intricacies and enhanced auditor scrutiny. Audit quality, measured by the involvement of Big Four auditors, negatively impacts audit delay, suggesting that high-quality auditors expedite the audit process through greater efficiency and expertise. These findings provide nuanced insights for regulators, investors, and practitioners in managing audit timelines and improving financial reporting practices in Indonesia’s manufacturing sector.
References
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Apriyustiono, F., & Aris, M. (2024). The Effect of Company Operational Complexity, Profitability, Solvency, Audit Tenure, and Financial Distress on Audit Delay During the Pandemic. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 8(1), 854–872.
Dewi, A. A., & Wahyuni, M. A. (2021). Pengaruh Rasio Keuangan, Kompleksitas, dan Kualitas Audit terhadap Audit Delay pada Perusahaan Manufaktur di BEI. Jurnal Akuntansi Profesi, 12(2), 410. https://doi.org/10.23887/jap.v12i2.36214
Haryati, F., Purwanto, D., Wahyu Alfiana, E., Alif Rizky Bunganaen, N., & Dwi Yulian, A. (2024). The Influence of Sales Growth, Capital Structure and Company Size on Company Value (Empirical Study of Food and Beverage Sub-Sector Manufacturing Companies Registered on BEI 2016-2020). In International Journal of Economics and Management Sciences (Issue 2). www.idx.co.id
Irhamna, L., Arifin, M. A., & Nurmala. (2024). Analisis Audit Tenure, Ukuran Perusahaan, dan Audit DeIay terhadap KuaIitas Audit pada Perusahaan Subsektor Pertambangan Batubara yang Terdaftar di BEI. Reviu Akuntansi, Manajemen, Dan Bisnis, 4(1), 131–143. https://doi.org/10.35912/rambis.v4i1.3360
Jensen, M. C., Meckling, W. H., Benston, G., Canes, M., Henderson, D., Leffler, K., Long, J., Smith, C., Thompson, R., Watts, R., & Zimmerman, J. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. In Journal of Financial Economics (Issue 4). Harvard University Press. http://hupress.harvard.edu/catalog/JENTHF.html
Kristiana, L. W., & Annisa, D. (2022). Pengaruh Kepemilikan Institusional, Auditor Switching, dan Financial Distress Terhadap Audit Delay (Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2020). Jurnal Rveenue: Jurnal Akuntansi, 3(1). https://doi.org/10.46306/rev.v3i1
Laili, U. R., Karina, A., & Digdowiseiso, K. (2023). The Influence of Company Size, Auditor Opinion, and Company Age on Audit Delay. Management Studies and Entrepreneurship Journal, 4(6), 8712–8720. http://journal.yrpipku.com/index.php/msej
Lau, E. A. (2021). Financial Distress dan Faktor-Faktor Prediksinya. Jurnal Exchall, 3(2), 1–17.
Mulyani, H. S. (2023). Teori Akuntansi (Rusli, Ed.). Perkumpulan Rumah Cemerlang Indonesia (PRCI).
Novia, & Salim, S. (2019). Analisis Model Altman Untuk Memprediksi Kebangkrutan Pada Perusahaan Makanan Dan Minuman. Jurnal Multiparadigma Akuntansi, 1(3), 564–571.
Nurmalasari, P., & Maradesa, D. (2021). PENGARUH AGENCY COST TERHADAP NILAI PERUSAHAAN PADA SUBSEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2020. Going Concern : Jurnal Riset Akuntansi, 16(4), 355–365. www.cnnindonesia.com,
Owusu-Ansah, S., & Leventis, S. (2006). Timeliness of Corporate Annual Financial Reporting in Greece. European Accounting Review, 15(2), 273–287. https://doi.org/10.1080/09638180500252078
Paramitha, P. S., & Yuniarta, G. A. (2023). Pengaruh CEO Financial Expertise, Audit Committee Financial Expertise, dan Financial Distress Terhadap Audit Delay Pada Perusahaan Properti dan Real Estate Yang Terdaftar di BEI Periode 2019-2021. Jurnal Akuntansi Profesi, 14(02), 406–418. https://doi.org/10.23887/jap.v14i02.64571
Pingass, R. L., & Dewi, N. L. (2022). PENGARUH FINANCIAL DISTRESS DAN OPINI AUDIT TERHADAP AUDIT DELAY THE INFLUENCE OF FINANCIAL DISTRESS AND AUDIT OPINION ON AUDIT DELAY. Jurnal Akuntansi Universitas Jember, 20(1), 63–77.
Purba, R. (2023). Teori Akuntansi: Sebuah Pemahaman Untuk Mendukung Penelitian di Bidang Akuntansi. Media Kreasi. https://www.researchgate.net/publication/369793571
Puspitasari, S. M., & Adi, S. W. (2024). Pengaruh Kualitas Audit, Profitabilitas, Solvabilitas, dan Ukuran Perusahaan Terhadap Audit Delay. Jurnal EMT KITA, 8(1), 467–478. https://doi.org/10.35870/emt.v8i1.2122
Putra, M. A. T., Muhammad Su’un, Susanto, E., & Bakri, A. A. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas, Opini Audit Terhadap Audit Delay. Center of Economic Students Journal, 5(4), 392–407. https://doi.org/10.56750/csej.v5i4.559
Rani, E. H., & Triani, N. N. A. (2021). Audit Delay of Listed Companies on The IDX. Jurnal ASET (Akuntansi Riset), 13(1), 12–25. https://doi.org/10.17509/jaset.v13i1.32824
Saftiana, Y., Safitri, R. H., Sulastri, S., Azwardi, A., & Anggelena, V. (2024). Audit Report Lag with the Public Accounting Firm’s Reputation as Moderation. Owner, 8(4), 4562–4571. https://doi.org/10.33395/owner.v8i4.2295
Saputra, M. I., & Agustin, H. (2021). Pengaruh Ukuran Perusahaan, Good Corporate Governance (GCG), dan Kualitas Audit Terhadap Audit Delay. Jurnal Eksplorasi Akuntansi, 3(2), 364–383. http://jea.ppj.unp.ac.id/index.php/jea
Saraswati, T., & Bernawati, Y. (2020). The Effect of Cash Conversion Cycle and Firm Size on the Profitability of Manufacturing Companies. International Journal of Innovation, Creativity and Change, 11(9), 149–164. www.ijicc.net
Singh, R., Chaudhary, P., & Gupta, C. P. (2024). Defining Return on Assets (ROA) in Empirical Corporate Finance Research: A Critical Review. Empirical Economics Letters, 23(1), 25–36. https://doi.org/10.5281/zenodo.10901886
Sitanggang, T., Mufidah, S., & Sitanggang, J. M. V. (2025). Audit Delay pada Perusahaan LQ 45: Faktor-faktor yang Mempengaruhinya. AKUA: Jurnal Akuntansi Dan Keuangan, 4(2), 212–219. https://doi.org/10.54259/akua.v4i2.4322
Sumarni, T., Nor, W., Alfian, & Lesmanawati, D. (2022). FAKTOR-FAKTOR YANG MEMPENGARUHI FENOMENA AUDIT DELAY DI MASA COVID-19. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 8(2), 165–180. https://doi.org/10.34204/jiaf
Susanti, E. (2021). Pengaruh Profitabilitas dan Solvabilitas terhadap Audit Delay di Bursa Efek Indonesia. Jurnal Ekonomi KIAT, 32(1), 133–138. https://journal.uir.ac.id/index.php/kiat
Syaula, E., Yazid, H., & Taqi, M. (2023). THE EFFECT OF FIRM SIZE AND PROFITABILITY ON AUDIT DELAY MEDIATED BY AUDIT QUALITY. JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 7(3), 453–462. https://doi.org/10.36555/jasa.v7.i3.2250
Utami, W. B. (2017). Analysis of Current Ratio Changes Effect, Asset Ratio Debt, Total Asset Turnover, Return on Asset, And Price Earning Ratio in Predicting Growth Income by Considering Corporate Size in The Company Joined in LQ45 Index Year 2013-2016. Business and Accounting Research (IJEBAR) Peer Reviewed-International Journal, 1(1), 25–37.
Wahyuni, W., Sueny, L. N. R., Wahyu, A. S., & Fadewa, N. N. (2024). Examining Audit Fee Determinants and Their Impact on Audit Quality. Advances in Managerial Auditing Research, 2(3), 119–129. https://doi.org/10.60079/amar.v2i3.373
Wiranawata, H. (2022). Pengaruh Debt to Equity Ratio (DER) dan Debt to Asset Ratio (DAR) Terhadap Kinerja Perusahaan Manufaktur Subsektor Makanan dan Minuman di Bursa Efek Indonesia Tahun 2014-2020. MAMEN: Jurnal Manajemen, 1(2), 206–216. https://doi.org/10.55123/mamen.v1i2.233
Wulandari, E. (2021). Opini Audit, Ukuran Perusahaan Dan Kualitas Audit Dampaknya Terhadap Audit Delay Audit Opinion, Company Size and Audit Quality Impact on Audit Delay. In Jurnal Riset Akuntansi dan Auditing E (Vol. 8, Issue 1).
Zulaecha, H. E., & Suyatiningsih, E. (2016). FAKTOR-FAKTOR YANG MEMPENGARUHI AUDIT REPORT LAG (Perusahaan Manufaktur yang terdaftar di BEI pada tahun 2011-2013). Jurnal Manajemen Bisnis, 5(1), 24–31.
Alkhatib, K., & Marji, Q. (2012). Audit Reports Timeliness: Empirical Evidence from Jordan. Procedia - Social and Behavioral Sciences, 62, 1342–1349. https://doi.org/10.1016/j.sbspro.2012.09.229
Anrizal, S. Y., Harahap, R. R., Rahman, L. F., & Winelda, R. (2024). Pengaruh Audit Report Lag dan Rotasi Audit Terhadap Kualitas Audit dengan Profitabilitas Sebagai Variabel Moderasi pada Perusahaan Sektor Asuransi di Bursa Efek Indonesia (BEI) Periode 2018-2022. Menara Ekonomi, X(1), 116–126.
Apriyustiono, F., & Aris, M. (2024). The Effect of Company Operational Complexity, Profitability, Solvency, Audit Tenure, and Financial Distress on Audit Delay During the Pandemic. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 8(1), 854–872.
Dewi, A. A., & Wahyuni, M. A. (2021). Pengaruh Rasio Keuangan, Kompleksitas, dan Kualitas Audit terhadap Audit Delay pada Perusahaan Manufaktur di BEI. Jurnal Akuntansi Profesi, 12(2), 410. https://doi.org/10.23887/jap.v12i2.36214
Haryati, F., Purwanto, D., Wahyu Alfiana, E., Alif Rizky Bunganaen, N., & Dwi Yulian, A. (2024). The Influence of Sales Growth, Capital Structure and Company Size on Company Value (Empirical Study of Food and Beverage Sub-Sector Manufacturing Companies Registered on BEI 2016-2020). In International Journal of Economics and Management Sciences (Issue 2). www.idx.co.id
Irhamna, L., Arifin, M. A., & Nurmala. (2024). Analisis Audit Tenure, Ukuran Perusahaan, dan Audit DeIay terhadap KuaIitas Audit pada Perusahaan Subsektor Pertambangan Batubara yang Terdaftar di BEI. Reviu Akuntansi, Manajemen, Dan Bisnis, 4(1), 131–143. https://doi.org/10.35912/rambis.v4i1.3360
Jensen, M. C., Meckling, W. H., Benston, G., Canes, M., Henderson, D., Leffler, K., Long, J., Smith, C., Thompson, R., Watts, R., & Zimmerman, J. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. In Journal of Financial Economics (Issue 4). Harvard University Press. http://hupress.harvard.edu/catalog/JENTHF.html
Kristiana, L. W., & Annisa, D. (2022). Pengaruh Kepemilikan Institusional, Auditor Switching, dan Financial Distress Terhadap Audit Delay (Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2020). Jurnal Rveenue: Jurnal Akuntansi, 3(1). https://doi.org/10.46306/rev.v3i1
Laili, U. R., Karina, A., & Digdowiseiso, K. (2023). The Influence of Company Size, Auditor Opinion, and Company Age on Audit Delay. Management Studies and Entrepreneurship Journal, 4(6), 8712–8720. http://journal.yrpipku.com/index.php/msej
Lau, E. A. (2021). Financial Distress dan Faktor-Faktor Prediksinya. Jurnal Exchall, 3(2), 1–17.
Mulyani, H. S. (2023). Teori Akuntansi (Rusli, Ed.). Perkumpulan Rumah Cemerlang Indonesia (PRCI).
Novia, & Salim, S. (2019). Analisis Model Altman Untuk Memprediksi Kebangkrutan Pada Perusahaan Makanan Dan Minuman. Jurnal Multiparadigma Akuntansi, 1(3), 564–571.
Nurmalasari, P., & Maradesa, D. (2021). PENGARUH AGENCY COST TERHADAP NILAI PERUSAHAAN PADA SUBSEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2020. Going Concern : Jurnal Riset Akuntansi, 16(4), 355–365. www.cnnindonesia.com,
Owusu-Ansah, S., & Leventis, S. (2006). Timeliness of Corporate Annual Financial Reporting in Greece. European Accounting Review, 15(2), 273–287. https://doi.org/10.1080/09638180500252078
Paramitha, P. S., & Yuniarta, G. A. (2023). Pengaruh CEO Financial Expertise, Audit Committee Financial Expertise, dan Financial Distress Terhadap Audit Delay Pada Perusahaan Properti dan Real Estate Yang Terdaftar di BEI Periode 2019-2021. Jurnal Akuntansi Profesi, 14(02), 406–418. https://doi.org/10.23887/jap.v14i02.64571
Pingass, R. L., & Dewi, N. L. (2022). PENGARUH FINANCIAL DISTRESS DAN OPINI AUDIT TERHADAP AUDIT DELAY THE INFLUENCE OF FINANCIAL DISTRESS AND AUDIT OPINION ON AUDIT DELAY. Jurnal Akuntansi Universitas Jember, 20(1), 63–77.
Purba, R. (2023). Teori Akuntansi: Sebuah Pemahaman Untuk Mendukung Penelitian di Bidang Akuntansi. Media Kreasi. https://www.researchgate.net/publication/369793571
Puspitasari, S. M., & Adi, S. W. (2024). Pengaruh Kualitas Audit, Profitabilitas, Solvabilitas, dan Ukuran Perusahaan Terhadap Audit Delay. Jurnal EMT KITA, 8(1), 467–478. https://doi.org/10.35870/emt.v8i1.2122
Putra, M. A. T., Muhammad Su’un, Susanto, E., & Bakri, A. A. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas, Opini Audit Terhadap Audit Delay. Center of Economic Students Journal, 5(4), 392–407. https://doi.org/10.56750/csej.v5i4.559
Rani, E. H., & Triani, N. N. A. (2021). Audit Delay of Listed Companies on The IDX. Jurnal ASET (Akuntansi Riset), 13(1), 12–25. https://doi.org/10.17509/jaset.v13i1.32824
Saftiana, Y., Safitri, R. H., Sulastri, S., Azwardi, A., & Anggelena, V. (2024). Audit Report Lag with the Public Accounting Firm’s Reputation as Moderation. Owner, 8(4), 4562–4571. https://doi.org/10.33395/owner.v8i4.2295
Saputra, M. I., & Agustin, H. (2021). Pengaruh Ukuran Perusahaan, Good Corporate Governance (GCG), dan Kualitas Audit Terhadap Audit Delay. Jurnal Eksplorasi Akuntansi, 3(2), 364–383. http://jea.ppj.unp.ac.id/index.php/jea
Saraswati, T., & Bernawati, Y. (2020). The Effect of Cash Conversion Cycle and Firm Size on the Profitability of Manufacturing Companies. International Journal of Innovation, Creativity and Change, 11(9), 149–164. www.ijicc.net
Singh, R., Chaudhary, P., & Gupta, C. P. (2024). Defining Return on Assets (ROA) in Empirical Corporate Finance Research: A Critical Review. Empirical Economics Letters, 23(1), 25–36. https://doi.org/10.5281/zenodo.10901886
Sitanggang, T., Mufidah, S., & Sitanggang, J. M. V. (2025). Audit Delay pada Perusahaan LQ 45: Faktor-faktor yang Mempengaruhinya. AKUA: Jurnal Akuntansi Dan Keuangan, 4(2), 212–219. https://doi.org/10.54259/akua.v4i2.4322
Sumarni, T., Nor, W., Alfian, & Lesmanawati, D. (2022). FAKTOR-FAKTOR YANG MEMPENGARUHI FENOMENA AUDIT DELAY DI MASA COVID-19. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 8(2), 165–180. https://doi.org/10.34204/jiaf
Susanti, E. (2021). Pengaruh Profitabilitas dan Solvabilitas terhadap Audit Delay di Bursa Efek Indonesia. Jurnal Ekonomi KIAT, 32(1), 133–138. https://journal.uir.ac.id/index.php/kiat
Syaula, E., Yazid, H., & Taqi, M. (2023). THE EFFECT OF FIRM SIZE AND PROFITABILITY ON AUDIT DELAY MEDIATED BY AUDIT QUALITY. JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 7(3), 453–462. https://doi.org/10.36555/jasa.v7.i3.2250
Utami, W. B. (2017). Analysis of Current Ratio Changes Effect, Asset Ratio Debt, Total Asset Turnover, Return on Asset, And Price Earning Ratio in Predicting Growth Income by Considering Corporate Size in The Company Joined in LQ45 Index Year 2013-2016. Business and Accounting Research (IJEBAR) Peer Reviewed-International Journal, 1(1), 25–37.
Wahyuni, W., Sueny, L. N. R., Wahyu, A. S., & Fadewa, N. N. (2024). Examining Audit Fee Determinants and Their Impact on Audit Quality. Advances in Managerial Auditing Research, 2(3), 119–129. https://doi.org/10.60079/amar.v2i3.373
Wiranawata, H. (2022). Pengaruh Debt to Equity Ratio (DER) dan Debt to Asset Ratio (DAR) Terhadap Kinerja Perusahaan Manufaktur Subsektor Makanan dan Minuman di Bursa Efek Indonesia Tahun 2014-2020. MAMEN: Jurnal Manajemen, 1(2), 206–216. https://doi.org/10.55123/mamen.v1i2.233
Wulandari, E. (2021). Opini Audit, Ukuran Perusahaan Dan Kualitas Audit Dampaknya Terhadap Audit Delay Audit Opinion, Company Size and Audit Quality Impact on Audit Delay. In Jurnal Riset Akuntansi dan Auditing E (Vol. 8, Issue 1).
Zulaecha, H. E., & Suyatiningsih, E. (2016). FAKTOR-FAKTOR YANG MEMPENGARUHI AUDIT REPORT LAG (Perusahaan Manufaktur yang terdaftar di BEI pada tahun 2011-2013). Jurnal Manajemen Bisnis, 5(1), 24–31.
Published
2025-06-30
How to Cite
Boli, H. (2025). Who’s To Blame For Audit Delays: Financial Pressure, Profitability, or The Auditor?. Jurnal Manajemen Dan Penelitian Akuntansi (JUMPA), 18(1), 181-191. https://doi.org/https://doi.org/10.58431/jumpa.v18i1.318
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Articles
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