Determinants of Audit Report Timeliness in Listed Health Care Sectors in Nigeria Exchange Group
DOI:
https://doi.org/10.22105/vnj4zq71Keywords:
Timely Audit Reports, Health Care Sector, Nigeria Exchange Group, Audit Timeliness, Health Care OrganizationsAbstract
Timely audit reports are essential for stakeholders in the health care sector to make informed decisions about the financial health of organizations. However, there is limited research on the factors that influence audit report timeliness in this sector. Understanding these determinants can help organizations improve their financial reporting practices and enhance transparency and accountability. This research examines the determinants of audit report timeliness in the health care sector, focusing on board size, board composition, audit fee, and audit timeliness. The study aims to provide insights into the factors that influence the timeliness of audit reports in the health care industry from 2014 to 2023 audit report of the seven (7) healthcare firms in Nigeria Exchange Group, which is crucial for ensuring transparency and accountability in financial reporting. This study will utilize a quantitative research design to analyze the determinants audit report timeliness in the health care sector. Data on board size, board composition, audit fee, and audit timeliness will be collected from a sample of health care organizations. Preliminary findings suggest that board size and board composition have a significant impact on audit report timeliness in the health care sector. Organizations with larger boards and more independent directors tend to have timelier audit reports. Additionally, higher audit fees are associated with faster audit report timeliness. However, the relationship between audit timeliness and audit report timeliness is inconclusive and requires further investigation. Overall, this study provides valuable insights into the determinants of audit report timeliness in the health care sector. By understanding these factors, organizations can improve their financial reporting practices and enhance transparency and accountability for stakeholders.
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