Financial Distress dan Opini Audit Sesuai Standar Audit (SA) 706 pada Masa Pandemi Covid-19
Abstract
Covid-19 is a global health problem, including Indonesia. Covid-19 has had a huge impaction theicountry's economyias well as the companies affected by it. Many companies experience financial distress and this also has an impact on the audit opinion received by the company. This study aims to examine the effect of financial distress on audit opinion with SA 706. The sample obtained was 534 companies, obtained using purposive sampling technique. The data analysis technique in this research logistic regression analysis. The results of the analysis show that financial distress has an impact on audit opinion with Audit Standards (SA) 706. The theoretical implications of this study can contribute to empirical studies of agency theory and signal theory. The practical implication of this research is that it can be taken into consideration in decision makingbystakeholders and company management.
Keywords: Audit Opinion; Audit Standards (SA) 706; Financial Distress; Covid-19.
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References
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Arrizqy, I. Z., & Suryarini, T. (2016). The Analysis of Audit Quality Affected by Auditor ’ s Individual Factor and Moderated by Pressure of Audit Time Budget. Accounting Analysis Journal, 5(3), 256–262.
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Darmayanti, N. (2017). The Effect of Audit Opinion, Financial distress, Client Size, Management Turn and KAP Size on Auditor Switching. Journal of Economics, Business & Accountancy Ventura, 20(2), 237–248. https://doi.org/10.14414/jebav.v20i2.1125
Devi, S., Warasniasih, N. M. S., Masdiantini, P. R., & Musmini, S. L. (2020). The Impact of COVID-19 Pandemic on the Financial Performance of Firms on the Indonesia Stock Exchange. Journal of Economics, Business, & Accountancy Ventura, 23(2), 226–242. https://doi.org/10.14414/jebav.v23i2.2313
Dewi, D. A. N. S., & Latrini, M. Y. (2018). Pengaruh Financial distress dan Debt Default pada Opini Audit going concern. E-Jurnal Akuntansi, 22(2), 1223–1252. https://doi.org/10.24843/EJA.2018.v22.i02.p15
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Jayanti, N. M. D. A., & Widhiyani, N. L. S. (2014). Financial distress Dalam Memoderasi Pengaruh Auditor Switching Pada Audit Quality. E-Jurnal Akuntansi Universitas Udayana, 9(3), 668–683.
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Muniyappa, R., & Gubbi, S. (2020). COVID-19 pandemic, coronaviruses, and diabetes mellitus. American Journal of Physiology - Endocrinology and Metabolism, 318(5), E736–E741. https://doi.org/10.1152/ajpendo.00124.2020
Muslih, M., & Amin, M. N. (2018). The Influence of Audit Opinion To the Company. Proceeding International Seminar on Accounting for Society, 112–125.
Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International Journal of Surgery, 185–193. https://doi.org/10.1016/j.ijsu.2020.04.018
Prasetyo, A. W., & Rini. (2014). Perbandingan Reaksi Pasar Sebelum dan Sesudah Pengumungan Opini Audit Unqualified. Jurnal MIX, 4(3), 410–418.
Putra, V. A., & Wilopo, R. (2017). The Effect of Company Size, Accounting Firm Size, Solvency, Auditor Switching, and Audit Opinion on Audit Delay. The Indonesian Accounting Review, 7(1), 119. https://doi.org/10.14414/tiar.v7i1.956
Safriliana, R., & Muawanah, S. (2019). Faktor yang Memengaruhi Auditor Switching di Indonesia. Jurnal Akuntansi Aktual, 5(3), 234–240. https://doi.org/10.17977/um004v5i32019p234
Spence, J. T., Heleich, R., & Stapp, J. (1973). A short version of the Attitudes toward Women Scale (AWS). Bulletin of the Psychonomic Society. https://doi.org/10.3758/BF03329252
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. In Bandung : Alfabeta.
Suryahadi, A., Al Izzati, R., & Suryadarma, D. (2020). The Impact of COVID-19 Outbreak on Poverty: An Estimation for Indonesia (Draft). SMERU Working Paper, 1–20. Retrieved from http://smeru.or.id/en/content/impact-covid-19-outbreak-poverty-estimation-indonesia
Susilawati, Falefi, R., & Purwoko, A. (2020). Impact of COVID-19’s Pandemic on the Economy of Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 3(2), 1147–1156. https://doi.org/10.33258/birci.v3i2.954
Tsipouridou, M., & Spathis, C. (2014). Audit opinion and earnings management : Evidence from Greece. 1–37.
Widnyani, N. L. E. D., & RM, K. M. (2018). Pengaruh Opini Audit , Audit Fee , Reputasi KAP dan Ukuran Perusahaan Klien Terhadap Auditor Switching. E-Jurnal Akuntansi Universitas Udayana, 23(2), 1119–1145. Retrieved from https://doi.org/10.24843/EJA.2018.v23.i02.p12
Wijaya, E., & Rasmini, N. K. (2015). Pengaruh Audit Fee, Opini Going Concern, Financial distress, Ukuran Perusahaan, Ukuran KAP pada Pergantian Auditor. E-Jurnal Akuntansi Universitas Udayana, 11(3), 940–966.
Wolk, A. El. (2013). Signaling, Agency Theory, Accounting Policy Choice. Accounting and Business Research, 18(69), 47–56.
Yanuariska, M. D., & Ardiati, A. Y. (2018). Pengaruh Kondisi Keuangan , Audit Tenure , dan Ukuran KAP terhadap Opini Audit going concern pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2012-2016. Jurnal
Maksipreneur, 7(2), 117–128. https://doi.org/10.30588/jmp.v7i2.361
Yuliyani, N. M. A., & Erawati, N. M. A. (2017). Pengaruh Financial distress Profitabilitas, Leverage dan Likuiditas pada Opini Audit going concern. E-Jurnal Akuntansi Universitas Udayana, 19(2), 1490–1520.
Alsmairat, Y. Y., Yusoff, W. S., Ali, M. A., & Ghazalat, A. N. (2019). The Effect of Audit Tenure and Audit Firm Size on the Audit Quality : Evidence from Jordanian Auditors. International Journal of Business and Technopreneurship, 9(1), 15–24.
Arfansyah, M. R. (2017). Pengaruh Audit Quality , Audit Tenure , dan Profitabilitas terhadap Opini Audit going concern pada Perusahaan Manufaktur yang Terdaftar di BEI.
Arrizqy, I. Z., & Suryarini, T. (2016). The Analysis of Audit Quality Affected by Auditor ’ s Individual Factor and Moderated by Pressure of Audit Time Budget. Accounting Analysis Journal, 5(3), 256–262.
Clarkson, P., & Rosenfeld, R. (1997). Statistical Language Modeling using the SMU-Cambridge Toolkit. Proceedings of ESCA Eurospeech.
Darmayanti, N. (2017). The Effect of Audit Opinion, Financial distress, Client Size, Management Turn and KAP Size on Auditor Switching. Journal of Economics, Business & Accountancy Ventura, 20(2), 237–248. https://doi.org/10.14414/jebav.v20i2.1125
Devi, S., Warasniasih, N. M. S., Masdiantini, P. R., & Musmini, S. L. (2020). The Impact of COVID-19 Pandemic on the Financial Performance of Firms on the Indonesia Stock Exchange. Journal of Economics, Business, & Accountancy Ventura, 23(2), 226–242. https://doi.org/10.14414/jebav.v23i2.2313
Dewi, D. A. N. S., & Latrini, M. Y. (2018). Pengaruh Financial distress dan Debt Default pada Opini Audit going concern. E-Jurnal Akuntansi, 22(2), 1223–1252. https://doi.org/10.24843/EJA.2018.v22.i02.p15
Hanifah, O. E., & Purwanto, A. (2013). Pengaruh Struktur Corporate Governance dan Financial Indicators terhadap Kondisi Financial distress. Diponegoro Journal Of Accounting, 2(2), 1–15.
Institut Akuntan Publik Indonesia. (2013). Standar Audit (SA) 700. Perumusan Suatu Opini dan Pelaporan atas Laporan Keuangan. Jakarta: Institut Akuntan PublikIndonesia.
Institut Akuntan Publik Indonesia. (2013). Standar Audit (SA) 705. Modifikasi terhadap Opini dalam Laporan Auditor Independen. Jakarta: Institut Akuntan PublikIndonesia.
Institut Akuntan Publik Indonesia. (2013). Standar Audit (SA) 706. Paragraf Penekanan Suatu Hal dan Paragraf Hal Lain dalam Laporan Auditor Independen. Jakarta: Institut Akuntan Publik Indonesia.
Jayanti, N. M. D. A., & Widhiyani, N. L. S. (2014). Financial distress Dalam Memoderasi Pengaruh Auditor Switching Pada Audit Quality. E-Jurnal Akuntansi Universitas Udayana, 9(3), 668–683.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics. https://doi.org/10.1016/0304-405X(76)90026-X
Juhartin. (2016). Pengaruh Audit Tenure, Pergantian Dewan Komisaris, Audit Delay, dan Persentase Perubahan ROA terhadap Auditor Switching pada Perusahaan Real Estate & Property yang terdaftar di BEI Periode 2010-2014. Universitas Maritim Raja Aji Haji Tanjungpinang. https://doi.org/10.1017/CBO9781107415324.004
Kementerian Kesehatan Republik Indonesia. Question & Answer Covid-19. Indonesia. Website :https://www.kemkes.go.id/folder/view/full-content/structure-faq.html
Laksmita, B., & Sukirman. (2020). Financial distress Moderates the Effect of KAP Reputation, Auditor Switching, and Leverage on the Acceptance of Going Concern Opinions. AAJ: Accounting Analysis Journal, 9(3), 200–207. https://doi.org/10.15294/aaj.v9i3.39563
Lestari, N. D. (2018). Faktor-Faktor yang Mempengaruhi Perusahaan Melakukan Pergantian Auditor pada Perusahaan Real Estate dan Property yang terdaftar di BEI pada tahun 2013-2017. Universitas Islam Indonesia, 1, 1–58.
Manurung, I. (2015). Analisis Pengaruh Struktur Kepemilikan, Likuiditas dan Leverage Terhadap Financial distress Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2009-2014. 6.
Mareque, M., Rivo-lópez, E., Villanueva-villar, M., & Lago-Penas, S. (2019). Audit Opinions : Are They Really Different for Family Businesses ? Juornal.Sageplub.Com/Home/Sgo, 1–12. https://doi.org/10.1177/2158244019856725
Muniyappa, R., & Gubbi, S. (2020). COVID-19 pandemic, coronaviruses, and diabetes mellitus. American Journal of Physiology - Endocrinology and Metabolism, 318(5), E736–E741. https://doi.org/10.1152/ajpendo.00124.2020
Muslih, M., & Amin, M. N. (2018). The Influence of Audit Opinion To the Company. Proceeding International Seminar on Accounting for Society, 112–125.
Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International Journal of Surgery, 185–193. https://doi.org/10.1016/j.ijsu.2020.04.018
Prasetyo, A. W., & Rini. (2014). Perbandingan Reaksi Pasar Sebelum dan Sesudah Pengumungan Opini Audit Unqualified. Jurnal MIX, 4(3), 410–418.
Putra, V. A., & Wilopo, R. (2017). The Effect of Company Size, Accounting Firm Size, Solvency, Auditor Switching, and Audit Opinion on Audit Delay. The Indonesian Accounting Review, 7(1), 119. https://doi.org/10.14414/tiar.v7i1.956
Safriliana, R., & Muawanah, S. (2019). Faktor yang Memengaruhi Auditor Switching di Indonesia. Jurnal Akuntansi Aktual, 5(3), 234–240. https://doi.org/10.17977/um004v5i32019p234
Spence, J. T., Heleich, R., & Stapp, J. (1973). A short version of the Attitudes toward Women Scale (AWS). Bulletin of the Psychonomic Society. https://doi.org/10.3758/BF03329252
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. In Bandung : Alfabeta.
Suryahadi, A., Al Izzati, R., & Suryadarma, D. (2020). The Impact of COVID-19 Outbreak on Poverty: An Estimation for Indonesia (Draft). SMERU Working Paper, 1–20. Retrieved from http://smeru.or.id/en/content/impact-covid-19-outbreak-poverty-estimation-indonesia
Susilawati, Falefi, R., & Purwoko, A. (2020). Impact of COVID-19’s Pandemic on the Economy of Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 3(2), 1147–1156. https://doi.org/10.33258/birci.v3i2.954
Tsipouridou, M., & Spathis, C. (2014). Audit opinion and earnings management : Evidence from Greece. 1–37.
Widnyani, N. L. E. D., & RM, K. M. (2018). Pengaruh Opini Audit , Audit Fee , Reputasi KAP dan Ukuran Perusahaan Klien Terhadap Auditor Switching. E-Jurnal Akuntansi Universitas Udayana, 23(2), 1119–1145. Retrieved from https://doi.org/10.24843/EJA.2018.v23.i02.p12
Wijaya, E., & Rasmini, N. K. (2015). Pengaruh Audit Fee, Opini Going Concern, Financial distress, Ukuran Perusahaan, Ukuran KAP pada Pergantian Auditor. E-Jurnal Akuntansi Universitas Udayana, 11(3), 940–966.
Wolk, A. El. (2013). Signaling, Agency Theory, Accounting Policy Choice. Accounting and Business Research, 18(69), 47–56.
Yanuariska, M. D., & Ardiati, A. Y. (2018). Pengaruh Kondisi Keuangan , Audit Tenure , dan Ukuran KAP terhadap Opini Audit going concern pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2012-2016. Jurnal
Maksipreneur, 7(2), 117–128. https://doi.org/10.30588/jmp.v7i2.361
Yuliyani, N. M. A., & Erawati, N. M. A. (2017). Pengaruh Financial distress Profitabilitas, Leverage dan Likuiditas pada Opini Audit going concern. E-Jurnal Akuntansi Universitas Udayana, 19(2), 1490–1520.
Published
2021-10-27
How to Cite
MONIKA, Ni Komang Ita; MERTHA, Made.
Financial Distress dan Opini Audit Sesuai Standar Audit (SA) 706 pada Masa Pandemi Covid-19.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 10, p. 2608-2620, oct. 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/76334>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i10.p16.
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