Financial Distress, Liquidity, and Reporting Delay: The Moderating Role of Audit Quality

Diah Eka Respatmiyati; Auliffi Ermian Challen

doi:10.58777/rag.v5i1.662

Authors

Diah Eka Respatmiyati Faculty of Economics and Business, YARSI University, Jakarta
Auliffi Ermian Challen Faculty of Economics and Business, YARSI University, Jakarta

DOI:

https://doi.org/10.58777/rag.v5i1.662

Keywords:

Financial Distress, Liquidity, Audit Delay, Audit Quality

Abstract

This study investigates the effects of financial distress and liquidity on reporting delay, with audit quality as a moderating variable, among property and real estate companies listed on the Indonesia Stock Exchange from 2020–2024. The study addresses persistent delays in financial reporting despite regulations requiring the timely submission of audited financial statements. Such delays can diminish the relevance and usefulness of financial information for investors and other stakeholders. Using a quantitative approach, the research relies on secondary data from audited annual reports and financial statements. A purposive sampling method produced 295 firm-year observations. The data were analyzed using logistic and moderated logistic regression in IBM SPSS Statistics 26. Results show that financial distress has a significant negative effect on reporting delay, indicating that distressed firms tend to report more promptly under stronger stakeholder pressure and monitoring. Liquidity has no significant effect on reporting delay. Audit quality also does not moderate the relationship between financial distress and reporting delay or between liquidity and reporting delay. The findings suggest that reporting timeliness is primarily shaped by compliance pressures rather than liquidity conditions or audit quality. Companies should strengthen reporting controls and monitoring systems

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