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The Effect Of Audit Industry Specialization Onaudit Report Lag And Audit Fee Of Companies Listed On The Stock Exchange Of Thailand |
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| รหัสดีโอไอ | |
| Creator | Katekanok Supanya |
| Title | The Effect Of Audit Industry Specialization Onaudit Report Lag And Audit Fee Of Companies Listed On The Stock Exchange Of Thailand |
| Contributor | Jiradtikhan Wutiphan, Dej-anan Bungkilo |
| Publisher | DR.KET Institute of Academic Development and Promotion |
| Publication Year | 2568 |
| Journal Title | Modern Academic Development and Promotion Journal |
| Journal Vol. | 3 |
| Journal No. | 2 |
| Page no. | 1298-1320 |
| Keyword | Audit industry specialization, Audit report lag, Audit fee |
| URL Website | https://so12.tci-thaijo.org/index.php/MADPIADP/ |
| Website title | https://so12.tci-thaijo.org/index.php/MADPIADP/ |
| ISSN | 2822-1095 |
| Abstract | This study aimed to: 1) investigate the relationship between auditor industry specialization and audit report lag; 2) examine the relationship between auditor industry specialization and audit fees; and 3) explore the relationship between audit fees and audit report lag of 1,101 listed companies on the Stock Exchange of Thailand. This research utilized secondary data collected from financial statements and annual reports (Form 56-1) during the fiscal years 2021 to 2023 from the SETSMART online database. The statistical analyses employed were descriptive statistics, correlation analysis, and multiple regression analysis. The findings revealed that: 1) Auditor industry specialization, measured by an audit fee market share of more than 10% in each industry, significantly reduced audit report lag at a statistical significance level of 0.05; 2) auditor industry specialization, measured by audit fee market shares of more than 10% and 30%, significantly increased audit fees at a significance level of 0.01; and 3) audit fees had a significantly positive relationship with audit report lag at a significance level of 0.01. The results of this study indicate that auditors with industry specialization contribute to a shorter audit report lag. Furthermore, companies with complex businesses tend to select auditors with expertise in their specific industries and pay higher audit fees, leading to an increase in the audit report lag. |
