THE EFFECT OF COMPANY SIZE, PROFITABILITY, AND LEVERAGE ON AUDIT DELAY IN COAL SUBSECTOR MINING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2020-2023 PERIOD

Abstract

This study aims to analyze the effect of company size, profitability, and leverage on audit delay in coal sub-sector companies listed on the IDX for the 2020–2023 period. This quantitative study uses secondary data from financial reports obtained through the IDX website and company websites. Company size is measured by total assets in natural logarithm, profitability with Return on Assets, leverage with Debt to Asset Ratio, and audit delay is calculated from the difference between the audit report date and the financial report. The analysis was carried out using panel data regression using Eviews12. The results of the study indicate that company size, profitability, and leverage affect audit delay. Large companies tend to experience longer audit delays due to transaction complexity, while high profitability makes the audit process easier due to a more organized financial system. Meanwhile, high leverage increases audit complexity due to complex debt structures. These findings are supported by agency theory and signaling theory, which emphasize the importance of audits in reducing conflicts of interest and providing relevant information to the market.