The Impact of Managerial Ownership on the Financial Restatement and Audit Report Lag as a Moderating Variable

Abstract

This study explores the moderating role of audit report lag on the relationship pf managerial ownership and financial restatements. The study focuses on 38 Egyptian companies listed on EGX100 for the period of 2018 till 2023.secondary data including total assets, firms size, and income statements, were used to test the research, hypotheses. the data are collected from the firm’s financial statements. The analysis was conducted using statistical software (STATA) to interpret the data, excluding financial companies. The results aim to reveal how managerial ownership influences financial reporting accuracy and audit delays, with a focus on improving understanding of financial statement quality as insignificant as mentioned previously. There is a significant relationship of managerial ownership on financial restatement. As for the moderating relationship that audit report lag has over managerial ownership and financial restatement, it was not accepted the tests showed an insignificant relationship between the variables, which is consistent with This suggests that the timely delivery of audit reports greatly impacts the relationship.