Gokhan Ozer, Abdullah Kursat Merter, Yavuz Selim Balcioglu
{"title":"FINANCIAL REPORTING TIMELINESS: A SCOPE REVIEW OF CURRENT LITERATURE","authors":"Gokhan Ozer, Abdullah Kursat Merter, Yavuz Selim Balcioglu","doi":"10.17261/pressacademia.2023.1759","DOIUrl":null,"url":null,"abstract":"Purpose- A key factor in ensuring that stakeholders can make well-informed decisions based on accurate and up-to-date information is financial reporting timeliness. This involves the timely release of financial statements, which are essential for providing investors, creditors, and other stakeholders with an overview of a company's financial status. Timely financial reporting allows stakeholders to react quickly to changes in a company's financial situation and make informed investment decisions. It also helps to build trust and confidence in a company's management and financial reporting processes, ultimately leading to greater transparency and accountability. This study aims to provide a scope review of current literature on financial reporting timeliness by analyzing the number of publications on this topic in Web of Science. Methodology- A systematic search of academic databases and search engines was conducted using keywords such as \"financial reporting timeliness,\" \"audit report lag\" and \"audit report delay\". Findings- We found that there are more than 150 publications on the topicality of financial reporting on the Web of Science alone from 2012-2023. Over the past few years, there has been a steady and consistent increase in the number of publications dedicated to exploring the topic of financial reporting timeliness, specifically focusing on the audit report lag. Conclusion- The review highlights key themes, including factors contributing to audit report delays, the impact of audit report delays on financial reporting timeliness, and potential solutions for improving audit report timeliness. The findings reveal that audit report delays can have significant consequences for financial reporting timeliness, and consequently, for stakeholders' decision-making processes. This scope review underscores the importance of addressing audit report delays to maintain timely financial reporting and proposes future research directions for further exploration. Keywords: Financial reporting timeliness, audit report lag, auidt report delay, scope review JEL Codes: M40, M41, M42","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"111 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Asian Finance, Economics and Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17261/pressacademia.2023.1759","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
Purpose- A key factor in ensuring that stakeholders can make well-informed decisions based on accurate and up-to-date information is financial reporting timeliness. This involves the timely release of financial statements, which are essential for providing investors, creditors, and other stakeholders with an overview of a company's financial status. Timely financial reporting allows stakeholders to react quickly to changes in a company's financial situation and make informed investment decisions. It also helps to build trust and confidence in a company's management and financial reporting processes, ultimately leading to greater transparency and accountability. This study aims to provide a scope review of current literature on financial reporting timeliness by analyzing the number of publications on this topic in Web of Science. Methodology- A systematic search of academic databases and search engines was conducted using keywords such as "financial reporting timeliness," "audit report lag" and "audit report delay". Findings- We found that there are more than 150 publications on the topicality of financial reporting on the Web of Science alone from 2012-2023. Over the past few years, there has been a steady and consistent increase in the number of publications dedicated to exploring the topic of financial reporting timeliness, specifically focusing on the audit report lag. Conclusion- The review highlights key themes, including factors contributing to audit report delays, the impact of audit report delays on financial reporting timeliness, and potential solutions for improving audit report timeliness. The findings reveal that audit report delays can have significant consequences for financial reporting timeliness, and consequently, for stakeholders' decision-making processes. This scope review underscores the importance of addressing audit report delays to maintain timely financial reporting and proposes future research directions for further exploration. Keywords: Financial reporting timeliness, audit report lag, auidt report delay, scope review JEL Codes: M40, M41, M42
目的-确保利益相关者能够根据准确和最新的信息做出明智的决策的关键因素是财务报告的及时性。这包括及时发布财务报表,这对于向投资者、债权人和其他利益相关者提供公司财务状况的概述至关重要。及时的财务报告使利益相关者能够迅速对公司财务状况的变化做出反应,并做出明智的投资决策。它还有助于建立对公司管理和财务报告流程的信任和信心,最终导致更大的透明度和问责制。本研究旨在通过分析Web of Science上关于财务报告及时性的出版物数量,对当前有关财务报告及时性的文献进行范围审查。方法:采用“财务报告及时性”、“审计报告滞后”、“审计报告延迟”等关键词,系统检索学术数据库和搜索引擎。研究结果——我们发现,从2012年到2023年,仅在Web of Science上就有150多篇关于财务报告话题性的出版物。在过去几年中,致力于探讨财务报告及时性主题的出版物数量稳步持续增加,特别是关注审计报告滞后。结论-审查强调了关键主题,包括导致审计报告延迟的因素,审计报告延迟对财务报告及时性的影响,以及改善审计报告及时性的潜在解决方案。研究结果表明,审计报告延迟会对财务报告的及时性产生重大影响,从而影响利益相关者的决策过程。该范围审查强调了解决审计报告延迟问题以保持及时的财务报告的重要性,并提出了进一步探索的未来研究方向。关键词:财务报告及时性,审计报告滞后,审计报告延迟,范围审查JEL代码:M40, M41, M42