The Characteristrics of Going Concern and Audit Opinion
| Autor: | MEI-HUEI TSAI, 蔡美惠 |
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| Rok vydání: | 2000 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 88 Statement of Auditing Standards No.33, entitled as ”Reports on Audited Financial Statements, ” was issued in July 1999 and replaced the Statement of Auditing Standards No.2.This statement revises the audit report requirements. Among the major changes, auditors can issue an unqualified audit opinion even when there is s going concern doubt of the auditee. It is therefore this study investigates the characteristics of those companies which are received a going concern related audit opinion. In addition, this study assesses the audit quality from the going-concern consideration perspectives. Empirical results of this study are as followed: 1.The most frequent financial accounts related to the qualified opinion are inventories, income taxes, operating costs, long-term investments, accrued pension liabilities, accounts and notes receivable, cash. The major reasons resulted to qualified opinions are the violation of auditing standards, violation of financial standards, and the financial statements with uncertainties. 2.The companies which had received going-concern qualified opinion is worse than others in short-term liquidity, long -term liquidity, return on investments, efficiency of assets usage, and profit. 3.This study identifies significant losses, recurring losses, sales decreased, negative retained earnings, recurring negative retained earnings, current ratio less than 1, negative earnings before interests and taxes, low net income and low cash as the reasons resulted to going-concern opinions and loan default. The above attributes are also identified in the GAAS. This study concludes that audit quality for the going-concern consideration is good. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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