Audit Delay in Energy and Mining Sector

Abstract

The Indonesia Stock Exchange (IDX) requires all listed companies to submit their audited annual financial statements no later than three months after the end of the reporting period. Failure to comply with this obligation will result in sanctions, such as written warnings and fines, in accordance with Exchange Regulation No. I-E concerning the Obligation to Submit Information. Nevertheless, in practice, many companies still experience audit delays, particularly in the energy and mining sectors, which are characterized by complex business operations and high levels of risk. This study aims to examine the effect of company size, solvency and political factors on audit delay in energy and mining sector companies listed on the Indonesia Stock Exchange in 2022-2023. The sample of this study included 76 companies with a final amount of 152 observation data obtained. The sampling technique is based on a number of predetermined criteria. The results of the study concluded that company size, solvency and political factors have a positive effect on audit delay.