The Effect of Applying New Accounting Standards on the Relationship between both Auditor Tenure, Audit Firm Tenure and audit report Lag- Evidence from Listed Companies in Egyptian Stock Exchange

Document Type : Original Article

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Accounting and Auditing department Faculty of Commerce Alexandria University Egyptian

Abstract

The research aimed to analyze and test the relationship between audit firm tenure; the auditor tenure on audit report lag of the annual financial statements of Egyptian listed companies, and the extent to which there is an impact of Applying New Accounting Standards as one of the indicators of accounting complexity as a moderating variable for this relationship.
Using the financial statements of 181 companies during the period from 2020-2021, it was possible to extract 323 observations, each of which provides a measure of the auditor tenure and audit Firm tenure, audit report lag, and the extent to which new accounting standards are applied. The research concluded that there is a direct and significant effect of the audit firm tenure on audit report lag, and it was found that there is a significant effect of the extent of applying new accounting standards on that relationship. The research also concluded that there is no significant effect of auditor tenure on audit report lag, with no significant effect of the extent of applying new accounting standards on that relationship.

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