Audit Fees, Characteristics of CEO and Audit Delay in Mandatory IFRS Adoption Rizal Mawardi, Laela Lanjarsih
Perbanas Institute
Abstract
The present study examines characteristics of CEO and audit fees on audit delay at related to changes in voluntary and mandatory IFRS adoption. In our setting, gender and audit fees as level of risk tolerance, overconfidence, diligence, and monitoring intensity. As a result, these individual differences are likely to be reflected in audit delay in financial reporting decisions. Using firm data levels between 2008 and 2016 using multivariate regression, we provide empirical evidence supporting our hypotheses that Characteristics of CEO and audit fees are determinants of audit delay. Our finding are First, CEO financial expertise have greater percentages in mandatory IFRS adoption, than voluntary IFRS adoption, are associated with shorter delay. Second, Women CEO and appointing women and minority CEO will increase the likelihood that firms will issue financial reports more timely. Third, higher audit fee in mandatory IFRS adoption than in voluntary IFRS adoption can decrease audit report lag.
Keywords: CEO Gender, CEO Financial Skill, Audit Delay, Audit Fee
