Audit Qualifications and the Timeliness of Corporate Annual Reports.
研究澳大利亚公司收到保留意见审计报告后，其年度报告和初步利润报告的发布是否延迟，发现保留意见越严重，延迟越明显，可能原因是审计耗时和审计师与客户谈判时间增加。
Abstract ABSTRACT: This paper investigates the effect that qualified audit reports have on the timeliness of Australian annual reports. The experiment in this study compares the reporting behavior of companies which receive audit qualifications with a random sample of companies which receive no such qualification and with the reporting behavior of the same companies in the years preceding the qualification. The results indicate that the incidence of a qualified audit report delays the release of the preliminary profit report (required by the Australian Associated Stock Exchanges) and the final annual accounts (required by the Uniform Companies Act, 1961). It also appears that the more serious the qualification, the greater is the delay. Possible reasons for these results are considered, and it is argued that the most likely explanations are an increase in both the time taken to complete the year-end audit and that spent in auditor-client negotiations.