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Title:
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An analysis of determinants of going concern audit opinion: evidence from Spain stock exchange
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Author:
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Gallizo Larraz, José Luis; Saladrigues Solé, Ramon
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Notes:
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Purpose: The main objective of this article is to go in-depth into the relationship
between going concern audit opinion and certain characteristics of the company and
auditor, including financial decline.
Design/methodology/approach: A Logit analysis was carried out in order to enable
us to discover the probability of receiving a going concern audit opinion.
Findings: Characteristics of the company and characteristics of the auditor are
discussed, and the analysis indicates that it is not financial decline, but rather
registering losses and being audited by a small-scale auditor, that increase the
likelihood of a company receiving a going concern audit opinion.
Practical implications: The results obtained are interesting for the profession and
users because they provide evidence of the reasons that converge in the cases where a
going concern audit opinion is included in the auditing reports of companies
characterised by being immersed in a financial crisis.
Originality/value: This article considers the circumstances of both the company and
the auditing process, which influence the fact that the auditing report includes a going
concern audit opinion. In addition, the article includes the financial decline, and let us to
analyze if the decline of the company’s financial position between t-1 and t causes the
auditor to include a going concern audit opinion. |
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Subject(s):
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-Audit
-Financial decline
-Going concern audit opinion |
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Rights:
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cc-by (c) Gallizo et al., 2016
http://creativecommons.org/licenses/by/3.0/es/
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Document type:
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article
publishedVersion |
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Published by:
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OmniaScience
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Share:
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