Leverage, Profitability, Auditor Reputation, and Audit Delay: Evidence from Indonesian Food and Beverage Companies

Mazmur Ari Apriansah; Purwo Atmojo; Ika Maherta Sutadji

Mazmur Ari Apriansah Accounting Study Program, Faculty of Economics and Business, Universitas Balikpapan, Balikpapan, East Kalimantan, Indonesia
Purwo Atmojo Accounting Study Program, Faculty of Economics and Business, Universitas Balikpapan, Balikpapan, East Kalimantan, Indonesia
Ika Maherta Sutadji Accounting Study Program, Faculty of Economics and Business, Universitas Balikpapan, Balikpapan, East Kalimantan, Indonesia

Keywords: Audit Delay, Leverage, Profitability, Public Accounting Firm Reputation, Food and Beverage Companies

Abstract

This study examines the effects of Leverage, Profitability, and Public Accounting Firm Reputation on Audit Delay among food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2025 period. Previous studies have reported inconsistent findings regarding the determinants of audit delay, particularly concerning leverage, profitability, and auditor reputation, indicating an unresolved empirical gap. This study addresses this gap by simultaneously investigating the influence of Debt-to-Asset Ratio (DAR), Return on Assets (ROA), and Public Accounting Firm Reputation on audit delay using recent financial data from Indonesian food and beverage companies. A quantitative explanatory research design was employed using purposive sampling, resulting in 46 companies with 184 firm-year observations. Secondary data obtained from audited annual financial statements were analyzed using multiple linear regression. The findings reveal that leverage does not have a significant effect on audit delay, whereas profitability and Public Accounting Firm Reputation have significant effects on audit delay. Simultaneously, leverage, profitability, and Public Accounting Firm Reputation significantly influence audit delay. These findings support Signaling Theory by demonstrating that corporate financial performance and auditor quality influence the timeliness of audited financial reporting. This study contributes to the auditing literature by providing updated empirical evidence regarding the determinants of audit delay among Indonesian food and beverage companies during the 2022–2025 period.

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