The Factors Affecting Timeliness of Corporate Financial Reporting: Empirical Evidence from the Palestinian and Amman Stock Exchange.

Author(s)

Dr. Omar Al-Juaidi- , Adeel Ahmed Chacher ,

Download Full PDF Pages: 123-135 | Views: 304 | Downloads: 83 | DOI: 10.5281/zenodo.3466175

Volume 5 - October 2016 (10)

Abstract

This study reports on the results of an empirical investigation of the factors affect timeliness of annual financial reporting. The sample of study include 180 corporation listed on the Palestinian and Amman Stock Exchange which achieve study’s conditions. Multi-regression test was used to examine the study hypotheses that consist of three groups; internal auditing committee factors, external auditor independence, and demographic factors. The study found that many of listed companies issue their financial report within legal time. However, Some Palestinian corporations don’t have auditing committees according to Palestinian Security Exchange instructions or they don’t comply to disclose information about auditing committee such as number of members, number of meeting, members experience and so on. And finally, there is a significant relationship between Co. age, audit report timeliness, sector type, auditor type and financial report timeliness. Whereas; Co. size, auditor rotation, and auditor report type don’t effect on financial report issuing timeliness.

Keywords

financial reporting, auditing report, timeliness, stock exchange, Audit delay. 

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