Determinants of Audit Delay in Property and Real Estate Industry: The Effect of Audit Opinion and Auditor Switching

Dhea Adellya Firske Salwa; Sari Andayani

doi:10.63922/ijebir.v5i04.5101

Dhea Adellya Firske Salwa Accounting Study Program, Faculty of Economics and Business Universitas Pembangunan Nasional “Veteran” Jawa Timur.
Sari Andayani Accounting Study Program, Faculty of Economics and Business Universitas Pembangunan Nasional “Veteran” Jawa Timur.

DOI: https://doi.org/10.63922/ijebir.v5i04.5101

Keywords: Audit Delay, Audit Opinion, Auditor Switching

Abstract

This study aims to examine the effect of audit opinion and auditor switching on audit delay in property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 period. This study employs a purposive sampling method, obtaining a sample of 69 companies, which yielded a total of 207 observation data points. Data analysis was conducted using the Panel Data Regression technique with a Fixed Effect Model (FEM) approach. A Robust Standard Errors (White Period) approach was applied in the model estimation to address heteroscedasticity issues. The partial test results indicate that audit opinion has a significant effect on audit delay, whereby companies that receive an unqualified opinion tend to exhibit good management and cooperation, thereby accelerating audit completion. Meanwhile, auditor switching has no effect on audit delay because companies that have well-prepared the transition of changing auditors do not encounter obstacles in completing the audit.

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