An analysis of determinants of going concern audit opinion: evidence from Spain stock exchange
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hdl:2117/85508
Tipus de documentArticle
Data publicació2016-04
EditorOmniaScience
Condicions d'accésAccés obert
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continguts d'aquesta obra estan subjectes a la llicència de Creative Commons
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Reconeixement-NoComercial 3.0 Espanya
Abstract
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.
CitacióGallizo, Jose Luis; Saladrigues, Ramon. An analysis of determinants of going concern audit opinion: evidence
from Spain stock exchange. "Intangible Capital", Abril 2016, vol. 12, núm. 1, p. 1-16.
Dipòsit legalB-33375-2004
ISSN1697-9818
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