Audit Quality, Firm Size, and Leverage as Determinants of Going Concern Opinions: Evidence from the Financial Sector (2018–2022)
Abstract
A going concern audit opinion is issued by independent auditors when substantial doubt exists regarding a company's ability to continue its operations within a specified period following the issuance of the audit report. This study employs quantitative research methods and relies on secondary data. The research involves document analysis, including a review of prior studies and the examination of documents relevant to the research objective. The data comprises annual financial reports spanning a five-year period (2018–2022), yielding 73 observations selected through purposive sampling. Logistic regression analysis was employed to evaluate the relationships among the variables. The findings reveal that company size negatively influences the issuance of a going concern audit opinion. In contrast, audit quality and leverage exhibit no significant effect on the likelihood of a going concern audit opinion being issued.
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References
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Anggarini, D., & Zulfikar, Z. (2022). Factors Affecting Audit Opinion Going Concern. 218(Icoebs), 8–14.
Averio, T. (2020). The Analysis Of Influencing Factors On The Going Concern Audit Opinion – A Study In Manufacturing Firms In Indonesia. Asian Journal Of Accounting Research, 6(2), 152–164. Https://Doi.Org/10.1108/AJAR-09-2020-0078
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Brigham, E. F., & Houston, J. F. (2019). Dasar-Dasar Manajemen Keuangan, Edisi 14. In Buku 1, Cetakan Kedua. Jakarta : Salemba Empat.
Cahyono, D. (2014). Effect Of Prior Audit Opinion, Audit Quality, And Factors Of Its Audit Opinion Going Concern. Research Journal Of Finance And Accounting, 5(24), 2222–2847.
Caroline, H. I., & Minarso, B. (2023). Determinan Opini Audit Going Concern : Studi Kasus Perusahaan Sektor Industri Barang Konsumsi. 7(1). Https://Doi.Org/10.18196/Rabin.V7i1.17082
De Angelo, L. E. (1981). Auditor Size And Audit Quality. Journal Of Accounting And Economics, 2(1981), 183–199
Defond, M & Zhang, J. (2014). A Review of Archival Auditing Research. Journal of Accounting and Economics, Vol 58(2-3), pp. 275-326
Dianto, E. C., & Putri, A. P. (2021). Effect Of Audit Tenure , Financial Condition , Audit Quality , And Leverage On Going Concern Audit Opinions In The Hospitality , Restaurant , And Tourism Sector Listed On The Indonesia Stock Exchange In 2017-2019. 8(November).
Didied, N. M., & Dwitama, D. S. (2023). Determinants Of Going-Concern Audit Opinion. International Journal Of Research In Business And Social Science (2147- 4478), 12(7), 345–357. Https://Doi.Org/10.20525/Ijrbs.V12i7.2882
Gallizo, J. L., & Saladrigues, R. (2016). An analysis of determinants of going concern audit opinion : Evidence from Spain stock exchange. 12(1), 1–16.
Ghozali, I. (2018). Analisis Multivariate Dengan Program IBM SPSS 25. Edisi 9. Semarang: Badan Penerbit Universitas Diponegoro.
Hardi, H., Wiguna, M., Hariyani, E., & Putra, A. A. (2020). Opinion Shopping, Prior Opinion, Audit Quality, Financial Condition, And Going Concern Opinion. The Journal Of Asian Finance, Economics And Business, 7(11), 169–176. Https://Doi.Org/10.13106/Jafeb.2020.Vol7.No11.169
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Mahyuddin, M., Pertiwi, D., Suprapti, E., Rachma, N., Perwitasari, D. A., L., N., Rahman, K. G., Haidiputri, T. A. N., Diana, F., Sejati, F. R., H., & W. T., Wahyuni, S., Thaha, S., Herlambang, T., & Rustianawati, M. (2023). Analisis Laporan Keuangan. Bandung : Media Sains Indonesia.
Musyassaroh. (2019). Profesionalisme Dan Pengalaman Kerja : Dampaknya Terhadap Kualitas Audit Professionalism And Work Experience: Its Impact On Audit Quality. Jurnal Riset Akuntansi Dan Auditing, 6(3), 13–21. Https://Journals.Stie-Yai.Ac.Id/Index.Php/JRAA/Article/View/322
Nato, R. (2019). Pengaruh Audit Report Lag , Audit Tenure Dan Kualitas Audit Terhadap Opini Audit Going Concern Pada Perusahaan Sub Sektor Property Dan Real Estate Di Bursa Efek Indonesia. Jurnal Finacc, 4(02), 164–172.
Pangaribuan, H., Sihombing, J., & Popoola, O. M. J. (2018). Examining The Independent Audit Committee, Managerial Ownership, Independent Board Member And Audit Quality In Listed Banks. Indian-Pacific Journal Of Accounting And Finance, 2(2), 4–23. Https://Doi.Org/10.52962/Ipjaf.2018.2.2.45
Pratiwi, R. H., & Trisakti, U. (2019). The Effects Of Audit Lag, Opinion Shopping, Leverage, And Profitability To The Going Concern Audit Opinion. 16(2), 89–104.
Putra, Yocky Sarada., Asmeri, Rina, M. (2021). Pengaruh Kualitas Audit , Opini Audit Tahun Sebelumnya Dan Ukuran Perusahaan Terhadap Opini Audit Going Concern Pada Perusahaan Manufaktur. Fakultas E. Pareso Jurnal, 3(1), 189–206.
Razak, Aprianto, Rinaldi, M. (2022). Kajian Literatur Faktor Yang Banyak Mempengaruhi Opini Audit Going Concern. Juremi: Jurnal Riset Ekonomi, 2(1), 37–44.
Simamora, R. A., & Hendarjatno, H. (2019). The Effects Of Audit Client Tenure, Audit Lag, Opinion Shopping, Liquidity Ratio, And Leverage To The Going Concern Audit Opinion. Asian Journal Of Accounting Research, 4(1), 145–156. Https://Doi.Org/10.1108/AJAR-05-2019-0038
Subedi, M. (2024), "Principles Based Accounting Standards, Audit Fees And Going Concern: Evidence Using Advanced Machine Learning", International Journal Of Accounting & Information Management, Vol. 32 No. 2, Pp. 308-344. Https://Doi.Org/10.1108/IJAIM-02-2023-0026
Suryani, S. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan, Debt Default Dan Audit Tenure Terhadap Opini Audit Going Concern. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 245–252. Https://Doi.Org/10.37641/Jiakes.V8i3.346
Suryani, I., Yuniarti, R., & Syahrudin, M. (2023). Effect Of Financial Distress, Liquidity, And Leverage On The Audit Opinion Going Concern On Companies Listed On IDXESGL During The Pandemic Period (2019-2021). International Journal Of Business, Economics, And Social Development, 4(1), 1–11. Https://Doi.Org/10.46336/Ijbesd.V4i1.379
Tessema, A. (2020), "Audit Quality, Political Connections And Information Asymmetry: Evidence From Banks In Gulf Co-Operation Council Countries", International Journal Of Managerial Finance, Vol. 16 No. 5, Pp. 673-698. Https://Doi.Org/10.1108/IJMF-01-2020-0027
Toni, N. (2022). The Effect Of Audit Quality , Financial Condition And Earnings Management On The Going Concern Audit Opinion With Corporate Mechanism As A Moderating Variable. 3(3), 119–128.
Triani, N.N.A., Satyawan, M.D., & Yanthi, M.D. (2017). Determining The Effectiveness Of Going Concern Audit Opinion By ISA 570. Asian Journal Of Accounting Research, 2(2), 29-35.
Utama, Y. W., Syakur, A., & Firmansyah, A. (2021). Opini Audit Going Concern: Sudut Pandang Likuiditas, Leverage, Financial Distress Risk, Tax Risk. Jurnal Al-Iqtishad, 17(1), 122. Https://Doi.Org/10.24014/Jiq.V17i1.12657
Wati, N. L. (2019). Model Corporate Social Responsibility (CSR). Penerbit: Myria.
Xu, H., Dao, M., & Wu, J. (2018). The Effect Of Real Activities Manipulation On Going Concern Audit Opinions For Financially Distressed Companies", Review Of Accounting And Finance, Vol. 17 No. 4, Pp. 514-539. Https://Doi.Org/10.1108/RAF-09-2016-0135
__________. (2008). Undang-Undang Republik Indonesia Nomor 20 Tahun 2008 Tentang Usaha Mikro, Kecil, Dan Menengah.
Anggarini, D., & Zulfikar, Z. (2022). Factors Affecting Audit Opinion Going Concern. 218(Icoebs), 8–14.
Averio, T. (2020). The Analysis Of Influencing Factors On The Going Concern Audit Opinion – A Study In Manufacturing Firms In Indonesia. Asian Journal Of Accounting Research, 6(2), 152–164. Https://Doi.Org/10.1108/AJAR-09-2020-0078
Bahtiar, A., Meidawati, N., Setyono, P., Putri, N. R., & Hamdani, R. (2021). Jurnal Akuntansi Dan Auditing Indonesia Determinants Of Going Concern Audit Opinion : An Empirical Study In Indonesia. 25(December).
Brigham, E. F., & Houston, J. F. (2019). Dasar-Dasar Manajemen Keuangan, Edisi 14. In Buku 1, Cetakan Kedua. Jakarta : Salemba Empat.
Cahyono, D. (2014). Effect Of Prior Audit Opinion, Audit Quality, And Factors Of Its Audit Opinion Going Concern. Research Journal Of Finance And Accounting, 5(24), 2222–2847.
Caroline, H. I., & Minarso, B. (2023). Determinan Opini Audit Going Concern : Studi Kasus Perusahaan Sektor Industri Barang Konsumsi. 7(1). Https://Doi.Org/10.18196/Rabin.V7i1.17082
De Angelo, L. E. (1981). Auditor Size And Audit Quality. Journal Of Accounting And Economics, 2(1981), 183–199
Defond, M & Zhang, J. (2014). A Review of Archival Auditing Research. Journal of Accounting and Economics, Vol 58(2-3), pp. 275-326
Dianto, E. C., & Putri, A. P. (2021). Effect Of Audit Tenure , Financial Condition , Audit Quality , And Leverage On Going Concern Audit Opinions In The Hospitality , Restaurant , And Tourism Sector Listed On The Indonesia Stock Exchange In 2017-2019. 8(November).
Didied, N. M., & Dwitama, D. S. (2023). Determinants Of Going-Concern Audit Opinion. International Journal Of Research In Business And Social Science (2147- 4478), 12(7), 345–357. Https://Doi.Org/10.20525/Ijrbs.V12i7.2882
Gallizo, J. L., & Saladrigues, R. (2016). An analysis of determinants of going concern audit opinion : Evidence from Spain stock exchange. 12(1), 1–16.
Ghozali, I. (2018). Analisis Multivariate Dengan Program IBM SPSS 25. Edisi 9. Semarang: Badan Penerbit Universitas Diponegoro.
Hardi, H., Wiguna, M., Hariyani, E., & Putra, A. A. (2020). Opinion Shopping, Prior Opinion, Audit Quality, Financial Condition, And Going Concern Opinion. The Journal Of Asian Finance, Economics And Business, 7(11), 169–176. Https://Doi.Org/10.13106/Jafeb.2020.Vol7.No11.169
Institut Akuntan Publik Indonesia. (2016). Standar Profesional Akuntan Publik. Salemba Empat. Jakarta.
Kawada, B.S., & Wang, J.J. (2020), "Annual Report Readability Subsequent To Going-Concern Opinions", Managerial Auditing Journal, Vol. 35 No. 1, Pp. 24-42. Https://Doi.Org/10.1108/MAJ-09-2018-2020
Kumar, K., & Lim, L. (2015). Was Andersen’s Audit Quality Lower Than Its Peers? A Comparative Analysis Of Audit Quality", Managerial Auditing Journal, Vol. 30 No. 8/9, Pp. 911-962. Https://Doi.Org/10.1108/MAJ-10-2014-1105
Mahyuddin, M., Pertiwi, D., Suprapti, E., Rachma, N., Perwitasari, D. A., L., N., Rahman, K. G., Haidiputri, T. A. N., Diana, F., Sejati, F. R., H., & W. T., Wahyuni, S., Thaha, S., Herlambang, T., & Rustianawati, M. (2023). Analisis Laporan Keuangan. Bandung : Media Sains Indonesia.
Musyassaroh. (2019). Profesionalisme Dan Pengalaman Kerja : Dampaknya Terhadap Kualitas Audit Professionalism And Work Experience: Its Impact On Audit Quality. Jurnal Riset Akuntansi Dan Auditing, 6(3), 13–21. Https://Journals.Stie-Yai.Ac.Id/Index.Php/JRAA/Article/View/322
Nato, R. (2019). Pengaruh Audit Report Lag , Audit Tenure Dan Kualitas Audit Terhadap Opini Audit Going Concern Pada Perusahaan Sub Sektor Property Dan Real Estate Di Bursa Efek Indonesia. Jurnal Finacc, 4(02), 164–172.
Pangaribuan, H., Sihombing, J., & Popoola, O. M. J. (2018). Examining The Independent Audit Committee, Managerial Ownership, Independent Board Member And Audit Quality In Listed Banks. Indian-Pacific Journal Of Accounting And Finance, 2(2), 4–23. Https://Doi.Org/10.52962/Ipjaf.2018.2.2.45
Pratiwi, R. H., & Trisakti, U. (2019). The Effects Of Audit Lag, Opinion Shopping, Leverage, And Profitability To The Going Concern Audit Opinion. 16(2), 89–104.
Putra, Yocky Sarada., Asmeri, Rina, M. (2021). Pengaruh Kualitas Audit , Opini Audit Tahun Sebelumnya Dan Ukuran Perusahaan Terhadap Opini Audit Going Concern Pada Perusahaan Manufaktur. Fakultas E. Pareso Jurnal, 3(1), 189–206.
Razak, Aprianto, Rinaldi, M. (2022). Kajian Literatur Faktor Yang Banyak Mempengaruhi Opini Audit Going Concern. Juremi: Jurnal Riset Ekonomi, 2(1), 37–44.
Simamora, R. A., & Hendarjatno, H. (2019). The Effects Of Audit Client Tenure, Audit Lag, Opinion Shopping, Liquidity Ratio, And Leverage To The Going Concern Audit Opinion. Asian Journal Of Accounting Research, 4(1), 145–156. Https://Doi.Org/10.1108/AJAR-05-2019-0038
Subedi, M. (2024), "Principles Based Accounting Standards, Audit Fees And Going Concern: Evidence Using Advanced Machine Learning", International Journal Of Accounting & Information Management, Vol. 32 No. 2, Pp. 308-344. Https://Doi.Org/10.1108/IJAIM-02-2023-0026
Suryani, S. (2020). Pengaruh Profitabilitas, Ukuran Perusahaan, Debt Default Dan Audit Tenure Terhadap Opini Audit Going Concern. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 245–252. Https://Doi.Org/10.37641/Jiakes.V8i3.346
Suryani, I., Yuniarti, R., & Syahrudin, M. (2023). Effect Of Financial Distress, Liquidity, And Leverage On The Audit Opinion Going Concern On Companies Listed On IDXESGL During The Pandemic Period (2019-2021). International Journal Of Business, Economics, And Social Development, 4(1), 1–11. Https://Doi.Org/10.46336/Ijbesd.V4i1.379
Tessema, A. (2020), "Audit Quality, Political Connections And Information Asymmetry: Evidence From Banks In Gulf Co-Operation Council Countries", International Journal Of Managerial Finance, Vol. 16 No. 5, Pp. 673-698. Https://Doi.Org/10.1108/IJMF-01-2020-0027
Toni, N. (2022). The Effect Of Audit Quality , Financial Condition And Earnings Management On The Going Concern Audit Opinion With Corporate Mechanism As A Moderating Variable. 3(3), 119–128.
Triani, N.N.A., Satyawan, M.D., & Yanthi, M.D. (2017). Determining The Effectiveness Of Going Concern Audit Opinion By ISA 570. Asian Journal Of Accounting Research, 2(2), 29-35.
Utama, Y. W., Syakur, A., & Firmansyah, A. (2021). Opini Audit Going Concern: Sudut Pandang Likuiditas, Leverage, Financial Distress Risk, Tax Risk. Jurnal Al-Iqtishad, 17(1), 122. Https://Doi.Org/10.24014/Jiq.V17i1.12657
Wati, N. L. (2019). Model Corporate Social Responsibility (CSR). Penerbit: Myria.
Xu, H., Dao, M., & Wu, J. (2018). The Effect Of Real Activities Manipulation On Going Concern Audit Opinions For Financially Distressed Companies", Review Of Accounting And Finance, Vol. 17 No. 4, Pp. 514-539. Https://Doi.Org/10.1108/RAF-09-2016-0135
__________. (2008). Undang-Undang Republik Indonesia Nomor 20 Tahun 2008 Tentang Usaha Mikro, Kecil, Dan Menengah.
Published
2024-10-30
How to Cite
ALBAB, Farah Nisa Ul; CHAIRANI, Yusmanita; INDRIASTUTI, Mila.
Audit Quality, Firm Size, and Leverage as Determinants of Going Concern Opinions: Evidence from the Financial Sector (2018–2022).
E-Jurnal Akuntansi, [S.l.], v. 34, n. 11, oct. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/119597>. Date accessed: 09 jan. 2025.
doi: https://doi.org/10.24843/EJA.2024.v34.i11.p16.
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