Abstract
This study aims to identify and analyse the factors affecting audit report lag incustoms and excise audits. This is one of the factors that impacts organisational performance, including the loss of potential state revenues. This study takes acase study approach with a quantitative design. The research data were collected using a questionnaire, and data analysis was performed using SEMPLS. The scope of the analysis is limited to five factors: competence,experience, workload, disagreement between auditor and auditee, and auditee cooperation. The results show that the higher the competence, workload and disagreement between auditor and auditee, the longer the audit report lag. On the other hand, the greater the auditee's cooperation, the shorter the lag. It was demonstrated that the experience factor does not affect audit report lag. Therefore, Unit X is recommended to implement e-audit to process data morequickly; to conduct workload analysis for each audit team; to make risk-based assessments; and to simplify administrative processes to reduce audit reportlag resulting from high workload. Furthermore, it is necessary to obtain auditees opinions on regulations with multiple interpretations in order toimprove them, and to examine the quality of audit working papers before issuing a list of findings in order to mitigate any disagreement. Incentive schemes such as recommendations on customs priority paths to auditees who have cooperated during the audit process are required to increase their cooperation. In addition, it is necessary to create specific criteria for auditees to obtain permission to extend the deadline for submitting data in order to shorten any lag.
Original language | English |
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Pages (from-to) | 146-165 |
Journal | Contemporary Accounting Case Studies |
Volume | 1 |
Issue number | 1 |
Publication status | Published - Sept 2022 |
Keywords
- audit report lag
- compliance audit
- customs audit
- excise audit
- tax audit