Fany Alvionita, Tiolina Evi Pardede

Pengaruh Komite Audit Dan Tenur Audit Terhadap Integritas Laporan Keuangan (Studi Empiris Di Sektor Infrastruktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2021-2023)

Introduction

Pengaruh komite audit dan tenur audit terhadap integritas laporan keuangan (studi empiris di sektor infrastruktur yang terdaftar di bursa efek indonesia periode 2021-2023). Teliti pengaruh komite audit & tenur audit pada integritas laporan keuangan sektor infrastruktur BEI (2021-2023). Studi empiris ini tunjukkan dampak signifikan, memperkaya literatur tata kelola & pelaporan.

Abstract

This study aims to examine the effect of the audit committee and audit tenure on the integrity of financial statements. The audit committee is measured by the number of audit committee members in each company, while audit tenure is measured by the length of the engagement between the auditor and the client company. The integrity of financial statements is proxied by accrual conservatism (ConAcc) based on the model developed by Givoly, D., & Hayn, C. (2002), which is calculated as the difference between Net Income and Operating Cash Flow. The conservatism value is then classified into two categories: a value of 1 for a negative difference indicating conservative financial reporting, and 0 for a positive difference indicating non-conservative financial reporting. The sample was determined using a purposive sampling technique, resulting in 162 firm observations over a three-year research period. Hypothesis testing was conducted using logistic regression analysis to examine the relationship between the independent variables and the integrity of financial statements. The results indicate that the audit committee and audit tenure have a significant effect on the integrity of financial statements. These findings contribute to the corporate governance literature and provide practical implications for regulators and stakeholders in enhancing the reliability and quality of financial reporting.

Review

This study meticulously investigates the impact of corporate governance mechanisms, specifically the audit committee and audit tenure, on the integrity of financial statements within the Indonesian infrastructure sector. Utilizing empirical data from companies listed on the Bursa Efek Indonesia between 2021 and 2023, the research addresses a critical aspect of financial reporting quality. The paper's objective to examine these relationships is highly relevant, contributing to the ongoing discourse on corporate governance effectiveness and its role in fostering transparent and reliable financial information, particularly in an emerging market context. Methodologically, the study employs robust measures for its variables. The audit committee is quantified by the number of its members, while audit tenure is operationalized by the length of the auditor's engagement with the client firm. Crucially, financial statement integrity is innovatively proxied by accrual conservatism (ConAcc), adapted from the Givoly and Hayn (2002) model, calculated as the difference between Net Income and Operating Cash Flow and then classified into a binary outcome (conservative vs. non-conservative). A sample of 162 firm observations, obtained through purposive sampling, forms the basis of the analysis. The application of logistic regression is appropriate given the dichotomous nature of the dependent variable. The findings indicate a significant positive effect of both the audit committee and audit tenure on the integrity of financial statements. The research makes valuable contributions to the corporate governance literature by providing empirical evidence from a specific, often under-researched, sector in Indonesia. The timeliness of the data (2021-2023) ensures the relevance of its findings to current market conditions. While the proxy for financial statement integrity using accrual conservatism is sound, future research could explore other dimensions or multi-faceted measures of integrity for a more comprehensive view. The practical implications are significant, offering actionable insights for regulators and stakeholders keen on bolstering financial reporting reliability and quality. This study serves as a solid foundation for further investigations into the nuanced interplay between governance structures and financial reporting outcomes.

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