Opinion Audit and Non-Financial Factors: Evidence from Vietnam
Main Article Content
Abstract
This study examines the relationship between audit opinion and non-financial factors of 188 listed companies on the Vietnamese stock exchange in the period 2010-2019. The study uses the logit method and divides audit opinions into two categories: qualified audit opinions and unqualified audit opinions. In the research, the factors that affect auditor opinions are included: audit lag and audit opinion in previous years. Factors that didn’t find any relationships are also included: number of years listed, size of auditing company, and the proportion of non-executive members.
Keywords:
Audit opinion, logit, non-financial factors.
References
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[17] Ali Jouri, “The relationship between auditor's opinions, corporate governance and accounting information quality”, International Journal of Advanced Biotechnology and Research (IJBR), Vol. 7, Special Issue3-April, 2016, 404-408.
[18] Mansour Saaydah, “Corporate Governance and The Modification of Audit Opinion: A Study in The Jordanian Market”, International Journal of Applied Research in Management and Economics, 2 (2020) 2, 28-46.
[19] Hamid Zarei et al., “Predicting Auditors’ Opinions Using Financial Ratios and Non-Financial Metrics: Evidence from Iran”, Journal of Accounting in Emerging Economies, 10 (2020) 3, 425-446.
[20] Alpaslan Yasar, “Predicting Qualified Audit Opinions Using Financial Ratios: Evidence from the Istanbul Stock Exchange”, International Journal of Business and Social Science, 6 (2015) 8(1).
[21] Daniel Zdolsek et al., “Identification of auditor’s report qualifications: An empirical analysis for Slovenia”, Economic Research-Ekonomska Istraživanja, 28 (2015) 1, 994-1005.
[2] Yulius Kurnia Susanto & Arya Pradipta, “Corporate Governance and Audit Decision Making”, Corporate Ownership & Control, 15 (2017) 1-2, 381-386.
[3] Arens, A. A., Elder, R. J., & Beasley, M. S., Auditing and assurance services: An integrated approach, 15th ed., London: Pearson, 2014.
[4] Qasim Mohammad Zureigat, “Factors Associated with Audit Reports in Saudi Arabia”, Global Journal of Management and Business Research: A Accounting and Auditing, 14 (2014) 5, Version 1.0.
[5] Keasey, K., Watson, R., & Wynarczyk, P., “The small company audit qualification: A preliminary investigation”, Accounting and Business Research, 18 (1988) 72, 323-334.
[6] Reynolds, J. K. & Francis, J. R., “Does size matter? The influence of large clients on office-level auditor reporting decisions”, Journal of Accounting and Economics 30 (2000) 3, 375-400.
[7] Caramanis, C & Spathis, C., “Auditee and audit firm characteristics as determinants of audit qualifications: Evidence from the Athens stock exchange”, Managerial Auditing Journal, 21 (2006) 9, 905-920.
[8] M.L. DeFond et al., “Do non-audit service fees impair auditor independence? Evidence from going concern audit opinions”, Journal of Accounting Research Volume 40 (2002) 4, 1247-1274.
[9] Masyitoh et al., “The Analysis of Determinants of Going Concern”, Audit Report. Journal of Modern Accounting and Auditing, 6 (2010) 4, 26-37.
[10] Santiago Lago Penas et al., “Determing Factors for Audit Opinion in Private Family and Nonfamily Firms: Evidence from Spain”, Universidadevigo, Working Papers. Collection C: Family business 1701, Universidade de Vigo, GEN - Governance and Economics Research Network.
[11] Ahmet Ozcan, “Determining Factors Affecting Audit Opinion: Evidence from Turkey”, International Journal of Accounting and Financial Reporting, 6 (2016) 2, 45-62.
[12] Kebebasan Ahli et al., “Board of Directors’ Independence and Modified Audit Report: An Analysis of the Malaysian Environment”, Jurnal Pengurusan, 44 (2015), 47-55.
[13] Pham Anh Thu, “Factors affecting auditing opinions on financial statements of companies listed on the Ho Chi Minh Stock Exchange”, Master Thesis, UEH, 2017.
[14] Jane F. Mutchler, “A Multivariate Analysis of the Auditor's Going-Concern Opinion Decision”, Journal of Accounting Research, 23 (Autumn, 1985) 2, 668-682.
[15] Spathis, C. T, “Audit qualification, firm litigation, and financial information: An empirical analysis in Greece”, International Journal of Auditing, 7 (2003) 1, 71-85.
[16] Gallizo et al., “An analysis of determinants of going concern audit opinion: Evidence from Spain stock exchange”, Intangible Capital, 12 (April 2016) 1, 1-16.
[17] Ali Jouri, “The relationship between auditor's opinions, corporate governance and accounting information quality”, International Journal of Advanced Biotechnology and Research (IJBR), Vol. 7, Special Issue3-April, 2016, 404-408.
[18] Mansour Saaydah, “Corporate Governance and The Modification of Audit Opinion: A Study in The Jordanian Market”, International Journal of Applied Research in Management and Economics, 2 (2020) 2, 28-46.
[19] Hamid Zarei et al., “Predicting Auditors’ Opinions Using Financial Ratios and Non-Financial Metrics: Evidence from Iran”, Journal of Accounting in Emerging Economies, 10 (2020) 3, 425-446.
[20] Alpaslan Yasar, “Predicting Qualified Audit Opinions Using Financial Ratios: Evidence from the Istanbul Stock Exchange”, International Journal of Business and Social Science, 6 (2015) 8(1).
[21] Daniel Zdolsek et al., “Identification of auditor’s report qualifications: An empirical analysis for Slovenia”, Economic Research-Ekonomska Istraživanja, 28 (2015) 1, 994-1005.