This study looked at how ownership of audit committees can affect how quickly audit reports are released for Australian companies. It was found that when audit committees have a larger ownership stake, there is a delay in the release of audit reports. The quality of financial reporting and the types of opinions given by external auditors also played a role in this relationship. Essentially, having audit committee members who own more shares can lead to delays in audit report release times, which could impact how trustworthy and timely financial information is for external stakeholders.