Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs

Audit report lag is considered to be an indicator of audit punctuality and efficiency, while the existence of factors that may determine this lag has been signalled in previous studies. The objective of this study is to identify the determinants of audit report lag in Spanish SMEs, and to analyse th...

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Autores principales:	Susana Escaloni, Mercedes Mareque
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	audit report lag (<i>ARL</i>) SMEs non-SMEs crisis Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/cb56a9223f304efeb26d68f8e29fd123
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id	oai:doaj.org-article:cb56a9223f304efeb26d68f8e29fd123
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spelling	oai:doaj.org-article:cb56a9223f304efeb26d68f8e29fd1232021-11-25T19:04:39ZAudit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs10.3390/su1322128302071-1050https://doaj.org/article/cb56a9223f304efeb26d68f8e29fd1232021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12830https://doaj.org/toc/2071-1050Audit report lag is considered to be an indicator of audit punctuality and efficiency, while the existence of factors that may determine this lag has been signalled in previous studies. The objective of this study is to identify the determinants of audit report lag in Spanish SMEs, and to analyse the potential singularities of these factors with regards to non-SMEs. With this aim in mind, a set of factors has been analysed; in the previous literature, a relationship has been observed between these factors and the characteristics of the audited company, the auditor and the audit exercise. Additionally, the possible influence of financial crisis and recovery periods is analysed. The sample analysed is made up of 3217 unlisted Spanish firms for the years 2008–2015. Multiple linear regression analysis is used, modelling the audit report lag based on the independent variables related to the characteristics of the audited company, the auditor and the audit exercise. Based on the results obtained, we can support the existence of differences among the independent variables responsible for the audit report lag based on company type (SME/non-SME), with a larger number of factors impacting the audit report lag in SMEs. It is worth noting the significant relationship between audit report lag and opinion and crisis variables, both for the SME and non-SME models. In the case of SMEs, links between audit report lag and the likelihood of bankruptcy, auditor type, number of economic activities carried out by the audited company, the industry to which the audited company pertains, and audit fees were also observed. Furthermore, we can conclude that audit report lag is greater in SMEs and that the independent variables explaining report lag differ according to whether the company is an SME or not.Susana EscaloniMercedes MarequeMDPI AGarticleaudit report lag (<i>ARL</i>)SMEsnon-SMEscrisisEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12830, p 12830 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	audit report lag (<i>ARL</i>) SMEs non-SMEs crisis Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	audit report lag (<i>ARL</i>) SMEs non-SMEs crisis Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Susana Escaloni Mercedes Mareque Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs
description	Audit report lag is considered to be an indicator of audit punctuality and efficiency, while the existence of factors that may determine this lag has been signalled in previous studies. The objective of this study is to identify the determinants of audit report lag in Spanish SMEs, and to analyse the potential singularities of these factors with regards to non-SMEs. With this aim in mind, a set of factors has been analysed; in the previous literature, a relationship has been observed between these factors and the characteristics of the audited company, the auditor and the audit exercise. Additionally, the possible influence of financial crisis and recovery periods is analysed. The sample analysed is made up of 3217 unlisted Spanish firms for the years 2008–2015. Multiple linear regression analysis is used, modelling the audit report lag based on the independent variables related to the characteristics of the audited company, the auditor and the audit exercise. Based on the results obtained, we can support the existence of differences among the independent variables responsible for the audit report lag based on company type (SME/non-SME), with a larger number of factors impacting the audit report lag in SMEs. It is worth noting the significant relationship between audit report lag and opinion and crisis variables, both for the SME and non-SME models. In the case of SMEs, links between audit report lag and the likelihood of bankruptcy, auditor type, number of economic activities carried out by the audited company, the industry to which the audited company pertains, and audit fees were also observed. Furthermore, we can conclude that audit report lag is greater in SMEs and that the independent variables explaining report lag differ according to whether the company is an SME or not.
format	article
author	Susana Escaloni Mercedes Mareque
author_facet	Susana Escaloni Mercedes Mareque
author_sort	Susana Escaloni
title	Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs
title_short	Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs
title_full	Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs
title_fullStr	Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs
title_full_unstemmed	Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs
title_sort	audit report lag. differential analysis between spanish smes and non-smes
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/cb56a9223f304efeb26d68f8e29fd123
work_keys_str_mv	AT susanaescaloni auditreportlagdifferentialanalysisbetweenspanishsmesandnonsmes AT mercedesmareque auditreportlagdifferentialanalysisbetweenspanishsmesandnonsmes
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Audit Report Lag. Differential Analysis between Spanish SMEs and Non-SMEs

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