This study aimed to examine and analyze the influence of the characteristics of Corporate Governance, profitability, and reputation of KAP on audit report lags in Real Estate and Property Companies in Indonesia. This study also tested and analyzed the moderating influence of company size in the relationship between the characteristics of Corporate Governance, profitability, and the reputation of the KAP on audit report lag. This type of research is causal research. The population in this study are Real Estate and Property companies listed on the Indonesia Stock Exchange in the period 2012-2016 with 61 companies. The sampling technique used was purposive sampling based on certain criteria. Based on these criteria, the number of observations was 170 units of analysis. The results of the research show that the characteristics of corporate governance, profitability, and reputation of KAP simultaneously influence and are significant for audit report lag. Institutional ownership, independent commissioners and profitability have a negative and significant effect on audit report lag. While the reputation of KAP has a positive and significant effect on audit report lag. Managerial ownership and audit committees influence and are not significant to the audit report lag in real estate and property companies on the Indonesia Stock Exchange. Company size is proven to not be able to moderate (strengthen) the relationship between corporate governance characteristic variables, profitability and KAP reputation with audit report lag variables on real estate and property companies.