Journal of Education and Research in Accounting (REPeC) 19.
ISSN/ISBN: Not available at this time. DOI: 10.17524/repec.v19.e3710
Abstract: Objective: To analyze the relationship between the compliance of accounting numbers with Benford's Law (BL) and the time for publishing Standardized Financial Statements (SFSs). Method: A regression model with panel data was used, in a sample of 205 publicly traded Brazilian companies, between 2010 and 2019. Results: It was found that companies that are in compliance and that are undergoing audit changes disclose their financial statements more quickly. The results suggest that the Big Four pay greater attention and care to ensure that their financial statements are in compliance, resulting in a slower timeliness of the financial statements. This finding was corroborated by the finding that the non-compliance of accounting figures in past periods, due to audit rotation, when the company is audited by the Big Four, results in a slower timeliness of the financial statements. Contributions: The study points out the relationship between BL and the delivery time of DFPs for future research. It highlights the importance of Big Four audits in the quality of accounting information, and points out to stakeholders that companies accounting information, especially those that take longer to disclose and are not audited by Big Four, may be non-compliant with the BL.
Bibtex:
@article{,
author = {Bruno Humberto Cunha Macedo and Paula Carolina Ciampaglia Nardi},
title = { Relationship between compliance with Benford's Law and the timeliness of financial statement disclosure: an empirical analysis},
year = {2025},
journal = {Journal of Education and Research in Accounting (REPeC)},
volume = {19},
doi = {10.17524/repec.v19.e3710},
url = {https://repec.emnuvens.com.br/repec/article/view/3710},
}
Reference Type: Journal Article
Subject Area(s): Accounting