Empirical Study On The Factors Affecting The Timeliness Of Audit Report

In the securities market,Listing Corporation annual report disclosure is an inportantsource of access to basic information stakeholders,The annual report of the accountinginformation is the stakeholders decision-making reference information,these referenceinfornmation to play a vital role in.And timeliness as a measure of accounting informationquality characteristic system standard,it influences the development of the whole securitiesmarket.Disclosure of the annual report shall be audited by accounting firm before signingdisclosure,therefore,the audit report timely to become the primary factors affecting thetimeliness of annual report,The audit report disclosure timeliness has become the commonconcerns of national regulatory authorities and scholars at home and abroad. Atpresent,many scholars in our country have been studied for the timeliness of annual reportdiscloure,but read the literature can be found,when the sample amount,mostly out of thefinancial industry,this way makes the important factors affecting the financial audit reporttimeliness is not known.Therefore,this paper select the financial industry listingCorporation’s annual report data as the research object,through the analysis to identify thefactors affecting the financial industy’s annual report disclosure rules and the formation ofthis rule,and provide theoretical basis and empircalevidence for the financial industry toimprove the timeliness of audit report,thus shortening the audit report lag,improve theefficiency of the capital market.In this paper,on the basis of research on timeliness of domestic and foreign scholarson the audit report,combined with the characteristics of China’s financial industry,constructs a theory suittable for China’s listing Corporation audit report timeliness offramework and regression model, The annual data of selectded2001-2012years financialindustry listing Corporation as sample,through anaysis audit report lag of descriptivestatistical and multiple linear regression,and then to investigate the factors of timeliness ofannual report discloure of financial enterprises in china. The study found, the performanceof the company, asset size, auditor changes, audit opinion, income diversification andyear significantly influence the financial industry listing Corporation audit reporttimeliness.