Another important determinant of au

Another important determinant of audit delay is company size. Normally, total assets have been used to measure size of
company in previous studies of audit delay. The variable was found to have a negative relationship with audit delay (see
for example, Carslaw and Kaplan, 1991; and Newton and Ashton, 1989). It was contended that several factors account
for this relationship. For example, it is commonly known that big companies normally have reliable internal control,
which in turn would reduce the propensity for financial statement error. Hence, auditors are likely to rely more on the
LDELAY =