AN APPRAISAL OF THE DETERMINANTS OF AUDIT REPORT TIMELINESS IN INDONESIA: EVIDENCE FROM COMPANIES LISTED IN LQ-45 INDEX IN INDONESIA STOCK EXCHANGE FOR THE PERIOD OF 2009 � 2011

The qualitative characteristics attribute of financial statement is its relevancy, and that manifestation can be seen from the timeliness of the reporting. The timeliness of financial report is an important attribute of its usefulness. In this research, timeliness of financial report is judged from the lag of audit report published since the end of company�s fiscal year. This research proposed to empirically examine the influence of company size, type of industry, accounting firm size, level of profitability, level of leverage, financial restatement, and bankruptcy probability towards audit report lag from the company listed in LQ-45 index in Indonesia Stock Exchange. LQ-45 index chosen as the population since the companies listed in that index have high market capitalization and the stock is actively traded. This research focused on high-profile companies, the leader on its industry. Data used are secondary data from 102 financial statements from 34 companies that listed 3 consecutive years in LQ-45 index in IDX since 2009-2011. Multiple regression model is conducted to prove the hypothesis