The study sought to analyze and test the impact of the operating characteristics of the company on the re-issuance of the financial statements, and to test whether the period of issuance of the audit report mediates this relationship. This is based on a sample of 158 companies during the period 2016-2019.
The study sample was divided into two groups, the first group is the experimental group and consists of 79 companies that have reissued their financial statements, while the second group is the control group and consists of 79 companies that have not reissued their financial statements. Financial, and the results of the study showed that there is a negative correlation between the re-issuance of the financial statements and both the size of the company and profitability. On the other hand, there is a positive correlation between financial leverage and the re-issuance of the financial statements. The study also concluded that the period of issuance of the audit report mediates the relationship between the operational characteristics of the company and the re-issuance of the financial statements.
The company’s financial statements must be prepared at the end of each fiscal year in accordance with the accounting standards approved in the Kingdom, and these statements must be deposited as specified by the regulations within (six) months from the date of the end of the fiscal year, in accordance with the provisions contained in the system.
