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This study is to examine the forces behind Audit Report Lag (ARL) with employing agency theory. Generally Non- Audit Services (NASs) are recognized as those services, which impair the auditor independence. In addition, NAS is the matter of knowledge Spillover (KS) but it affects the audit risk positively. The present study aims to explore the causes for ARL. This research utilized secondary data in investigation. The results are confined to Karachi Stock Exchange (KSE) listed companies for year 2013. Structural Equation Modeling (SEM) technique has been applied through SmartPLS 3.2.3. This study contributes in the existing knowledge by offering the new horizon to bridge the gap between public perception from auditor and the practical application of audit. The empirical results demonstrated that there is no correlation between ARL and NASs. This research highlights important insights regarding NASs and auditor independency that invites upcoming researches to reinforce the concepts discussed in this study in Pakistan.

Shoaib Aslam, Muhammad Abdul Majid Makki, Syed Muhammad Javed Iqbal. (2017) Driving forces behind Audit Report Lag: A comparison between Auditor Independence and Knowledge Spillovers, Paradigms , Vol 11, Issue 2 .
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