Relation between the Characteristics of the Company, the Audit Committee and the Independent Auditor and the Publication Deadline of the Financial Statements
DOI:
https://doi.org/10.17524/repec.v9i4.1232Keywords:
Audit Committee, Publication Deadline, Financial Statements.Abstract
The objective in the study was to verify the relation between the characteristics of the company, the audit committee and the independent auditor and the publication deadline of the financial statements of companies listed on BM&FBOVESPA. The research objective was descriptive, the procedures were documentary and the approach was quantitative. A sample of 64 companies was used for each year analyzed, which comprised the period from 2010 till 2012. To analyze the data, multiple linear regression was used, through the software SPSS®. The results demonstrate that a significant relation exists between the publication deadline of the financial statements and the indebtedness, the corporate sector, the non-audit fees and whether the company is audited by the Big Four. Companies that are indebted or pay high non-audit fees tend to disclose their information late. If audited by the Big Four or belonging to the industrial goods, information technology, construction and transportation sectors, they tend to disclose their financial statements earlier.References
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