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Audit Committee and Timely Reporting: Evidence From Turkey
- Source :
- SAGE Open, Vol 14 (2024)
- Publication Year :
- 2024
- Publisher :
- SAGE Publishing, 2024.
-
Abstract
- This paper seeks to examine whether the characteristics of the audit committee impact the timely reporting represented by audit report lag (ARL), firm-based abnormal audit report lag (FAARL), and industry-based audit reports lag (IAARL). The sample of the study includes mostly hand-collected 2,284 firm-year observations obtained from Turkey’s listed non-financial companies. Main regression results show that audit committee gender diversity, meeting frequency, and independence are negatively associated with timely reporting. Furthermore, additional analysis indicates the negative association between timely reporting and the audit committee effectiveness indexes created by the coexistence of the audit committee. Also, an interaction effect between audit committee independence and gender diversity concerning the timeliness of financial reporting has been documented. The use of fixed effects estimators and two-step system GMM estimator also supported the main results. This paper aims to provide concrete contribution to the literature by examining timely reporting in an emerging market like Turkey. The results suggest that regulatory bodies and companies should review the audit committee structure to better timely reporting and reduce firm and industry-based abnormal delays.
- Subjects :
- History of scholarship and learning. The humanities
AZ20-999
Social Sciences
Subjects
Details
- Language :
- English
- ISSN :
- 21582440
- Volume :
- 14
- Database :
- Directory of Open Access Journals
- Journal :
- SAGE Open
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.24f5648e9dfd44e18925bac25ec8b9e8
- Document Type :
- article
- Full Text :
- https://doi.org/10.1177/21582440241239516