The relationship between Investment Opportunities and delay in reporting of audit

Investigating the relation between audit report and investment opportunities is important because the findings of the study will inform management firms in order to appropriate action to reduce undesirable consequences. Delaying in reporting of can be a signal of poor financial reporting quality.This study examines the association between delay in audit report and the investment opportunities. Specifically, This study examine the association between investment opportunities, profitability and the size of the firm with delaying in audit report. This study use of three proxies that are as investment criterias. The three proxies for investment opportunities include : market-to-book asset (FIRMASS); market-to-book equity (MKTBEQ); and gross property, Machinery & Equipment Co. ratio.With using of the sample of 100 firm is done a research in the Tehran stock exchange during 2009-2013. The results show there is not a significant relation between the investment opportunities and delaying in audit report. we find a negative relation between profitability and delaying in audit report and a positive significant relation between firm size and delaying in audit report.

Keywords:

Investment opportunities , delaying in audit report , independent auditor , audit risk