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A study investigated the relabienship between audit delay (the length of time from a campany's foscal veat iend to the date of the auditor's report)

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A study investigated the relabienship between audit delay (the length of time from a campany's foscal veat iend to the date of the auditor's report) and variables that describe the client and the auditor. Some of the independent variables that were included in this study follow: Industry A durmury variable coded 1 if the firm was an industral company or 0 it the firm was a bank, savings and loan, or insurance compary. Puble A dummy varnable coded 1 if the company was traded on an organtsed exchange or over the counter; otherwise coded 0. Quality A measure of overall quality of internal controls, as judged by the euditor, on a 5 point scale ranging fram "virtiailly none" (1) to "excellent" ( $ ). Firishied A measure ranging fram 1 to 4 , as judged by the auditor, wheve 1 indecates "all work performed subsecsuent to year end" and 4 indicates "most work performed prion to year-end: Let of

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