Audit efficiency boosts manufacturing companies' speed, cutting delays and boosting profits.
The study looked at how different factors within and outside a company affect how long it takes for audits to be completed. They focused on companies in the consumer goods industry in Indonesia from 2016 to 2020. They found that the effort put into audits and the size of the board of commissioners can help speed up the audit process. However, factors like audit opinion, profitability, and financial debt don't seem to have an impact on audit delays.