Financial statements are those statements which include the income statement, balance sheets, statement of retained earnings and the statement of sources and uses of funds. The income statement includes the trading account and the profit & loss account of the business concern and the balance sheet includes the assets and liabilities of the business. Audit report lags are quiet familiar term across the corporate which affect the in time assembly of financial statements. The audit report lag is often called the audit delay in some studies, and is defined as the time difference between the end of the fiscal year to the date of publication of the audit firm or in other words, the time period required to issue audit reports. Timeliness of companies in publishing financial reports to the general public depends on the timeliness of auditors in completing its audit work (audit report lag). There are several factors connected to audit report lag as well as financial statements. The purpose of this paper was to determine the effect of firm size, income, profitability, and debt to equity ratio in its influence simultaneously on audit report lags. The method used is quantitative research with regression analysis. The results of simultaneous test were done using analysis of multiple linear regressions with variables of firm size, income, profitability and debt to equity ratio on audit report lag. This study is expected to put in insight and knowledge both in theory and practice to analyze this finance reports.
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