HOW DOES THE ROLE OF FIRM AGE, AUDIT OPINION, AUDIT TENURE, REPUTATION AUDIT FIRM, AND FIRM SIZE AFFECT THE TIMELINESS OF FINANCIAL REPORTING? THE CASE OF FINANCIAL COMPANIES IN THE INDONESIAN CAPITAL MARKET

Abstract

The timely and accurate publication of a company's financial performance through financial reports significantly impacts corporate governance transparency. This research is original due to its focus on financial companies and the analytical tools employed. The purpose of this study was to analyze the determinants of factors that influence the timely and accurate reporting of corporate financial performance among financial companies listed on the IDX stock market from 2020 to 2023. The timeliness of reporting is the dependent variable, while the independent variables include firm age, audit opinion, audit tenure, audit firm reputation, and firm size. The research employed a quantitative method with a descriptive approach and utilized STATA software for analysis. The results showed that firm age, audit tenure, and audit firm reputation had a significant effect on the timeliness of financial report submissions. In contrast, audit opinion and firm size did not have a significant influence on the publication of the company's financial performance in the form of timely and accurate financial. This study provides empirical evidence highlighting the importance of firm age, audit tenure, and audit firm reputation in ensuring accurate financial reporting timeliness. Accurate financial reporting is essential for making timely and informed decisions.