High debt levels in manufacturing companies linked to longer audit delays.
The study looked at why some Indonesian manufacturing companies take longer to complete their audits. They found that companies with a lot of debt and low profits tend to have longer audit delays. The size of the audit committee and the public accounting firm didn't have a big impact on audit delay. High debt levels were the most important factor causing delays in audits. Profitability, audit committee size, and public accounting firm size didn't have a significant effect on audit delay.