Audit Committee and Timely Reporting: Evidence From Turkey
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 f...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2024-03-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/21582440241239516 |
| _version_ | 1797242531047538688 |
|---|---|
| author | Abdullah Kürşat Merter Gökhan Özer |
| author_facet | Abdullah Kürşat Merter Gökhan Özer |
| author_sort | Abdullah Kürşat Merter |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-24T18:40:42Z |
| format | Article |
| id | doaj.art-24f5648e9dfd44e18925bac25ec8b9e8 |
| institution | Directory Open Access Journal |
| issn | 2158-2440 |
| language | English |
| last_indexed | 2024-04-24T18:40:42Z |
| publishDate | 2024-03-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj.art-24f5648e9dfd44e18925bac25ec8b9e82024-03-27T13:04:10ZengSAGE PublishingSAGE Open2158-24402024-03-011410.1177/21582440241239516Audit Committee and Timely Reporting: Evidence From TurkeyAbdullah Kürşat Merter0Gökhan Özer1Gebze Technical University, TurkeyKyrgyz-Turkish Manas University, Bishkek, KyrgyzstanThis 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.https://doi.org/10.1177/21582440241239516 |
| spellingShingle | Abdullah Kürşat Merter Gökhan Özer Audit Committee and Timely Reporting: Evidence From Turkey SAGE Open |
| title | Audit Committee and Timely Reporting: Evidence From Turkey |
| title_full | Audit Committee and Timely Reporting: Evidence From Turkey |
| title_fullStr | Audit Committee and Timely Reporting: Evidence From Turkey |
| title_full_unstemmed | Audit Committee and Timely Reporting: Evidence From Turkey |
| title_short | Audit Committee and Timely Reporting: Evidence From Turkey |
| title_sort | audit committee and timely reporting evidence from turkey |
| url | https://doi.org/10.1177/21582440241239516 |
| work_keys_str_mv | AT abdullahkursatmerter auditcommitteeandtimelyreportingevidencefromturkey AT gokhanozer auditcommitteeandtimelyreportingevidencefromturkey |