An International Perspective on Audit Report Lag: A Synthesis of the Literature and Opportunities for Future Research

28 Pages Posted: 22 May 2020

See all articles by John L. Abernathy

John L. Abernathy

Kennesaw State University

Michael Barnes

Truman State University

Chad Stefaniak

University of South Carolina

Alexandria Weisbarth

Central Michigan University

Date Written: March 2017

Abstract

Audit report lag (ARL) is the length of time from a company's fiscal year‐end to the audit report date, and is often viewed as the most important financial reporting timeliness determinant. Given that timeliness is an area of interest to investors, managers, regulators, auditors and academics, an understanding of ARL determinants is extremely important. As financial markets become more globally oriented, an international understanding of ARL determinants becomes even more important. This paper summarizes the extant literature on ARL and its determinants with an emphasis on international literature. Our review categorizes prior research based on company‐specific and audit‐related factors, and explores the associations that have been identified with respect to ARL. Finally, we identify possible areas of interest not currently present in the literature and speculate on several opportunities for future research.

Keywords: Audit delay, audit report lag, financial reporting timeliness

Suggested Citation

Abernathy, John L. and Barnes, Michael and Stefaniak, Chad and Weisbarth, Alexandria, An International Perspective on Audit Report Lag: A Synthesis of the Literature and Opportunities for Future Research (March 2017). International Journal of Auditing, Vol. 21, Issue 1, pp. 100-127, 2017, Available at SSRN: https://ssrn.com/abstract=3602136 or http://dx.doi.org/10.1111/ijau.12083

John L. Abernathy (Contact Author)

Kennesaw State University ( email )

1000 Chastain Road
Kennesaw, GA 30144
United States

Michael Barnes

Truman State University ( email )

100 E. Normal Street
Kirksville, MO 63501
United States

Chad Stefaniak

University of South Carolina

701 Main Street
Columbia, SC 29208
United States

Alexandria Weisbarth

Central Michigan University

Mt. Pleasant, MI 48858
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
10
Abstract Views
663
PlumX Metrics