Proceedings of 3rd Global Accounting, Finance and Economics Conference
5 - 7 May, 2013, Rydges Melbourne, Australia, ISBN: 978-1-922069-23-8
The Effect of Good Corporate Governance Mechanism To
Audit Delay At Company Listed
On Indonesia Stock Exchange Period 2009-2011
Bambang Bemby S, Abukosim, Mukhtaruddin and Imam Mursidi
Audit delay is a delay in reporting audit to BAPEPAM in accordance allotted time is 90
days after closing the book. Delay delivery of the audit report will affect the value of the
report, this happens because investors generally regard financial reporting delay is a bad
sign for the health of the company. GCG is one way to solve the different interests,
practices and culture, so the companies are implementing GCG has hope to get more
value for in the company.
This study aims to investigate the impact of corporate governance mechanisms to audit
delay in companies listed on the Stock Exchange. Variable of GCG mechanism consist of
institutional ownership, number of audit committee, and the percentage of independent
commissioners. Sample selection procedure is using purposive sampling method.
Samples are 42 companies. The simultaneously test results show that all the variables
indepedent have significantly influence to audit delay. By the partially test, number of
audit committee have significantly affect to audit delay, but institutional ownership and
independent commissioners have no signicantly effect to audit delay. This study is limited
to use only three variables to influence of audit delay and reseach period only three
years.
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Bambang Bemby S, Sriwijaya University, Palembang Indonesia. Email: yuditz@yahoo.com
Abukosim, Sriwijaya University, Palembang Indonesia.
Mukhtaruddin, Sriwijaya University, Palembang Indonesia.
Imam Mursidi, Sriwijaya University, Palembang Indonesia.