Analysis Of Factors Affecting The Auditor's Opinion
The auditor's opinion is the key message of every audit report. The audit report is the main product of the engagement of external auditors. Through this engagement, the members of the audit team try to form a conclusion on whether the client's financial statements, which are the subject o...
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| Format: | Article |
| Language: | English |
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Šibenik University of Applied Sciences
2024-07-01
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| Series: | Elektronički Zbornik Radova Veleučilišta u Šibeniku |
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| Online Access: | https://hrcak.srce.hr/en/file/461953 |
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| author | Ivica Filipović |
| author_facet | Ivica Filipović |
| author_sort | Ivica Filipović |
| collection | DOAJ |
| description | The auditor's opinion is the key message of every audit report. The audit report is the main product of the engagement of external auditors. Through this engagement, the members of the audit team try to form a conclusion on whether the client's financial statements, which are the subject of an external audit, have been created in accordance with the applicable financial reporting framework. The conclusion formed regarding truthfulness of presented financial statements is presented in a special section of the auditor's report - the auditor's opinion. That section, which contains the auditor's opinion, is a kind of seal of independent external auditors' engagement. Namely, the expressed auditor's opinion is a support for many users of information from financial statements for making business decisions. Precisely because of the importance of the auditor's opinion in business decision-making, space is opened for analyzing various factors that can influence that opinion. For the purposes of this research, the following factors were analyzed, among others: indebtedness, classification of the audit firm in the "Big Four", rotation of the audit firm and return on assets (ROA). In this regard, a model suitable for such research was designed and its testing was carried out on companies listed on the Zagreb Stock Exchange in the Republic of Croatia. |
| format | Article |
| id | doaj-art-577e85dd3ca54d909e3953c3c66d9d7f |
| institution | Kabale University |
| issn | 1846-6699 1846-6656 |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Šibenik University of Applied Sciences |
| record_format | Article |
| series | Elektronički Zbornik Radova Veleučilišta u Šibeniku |
| spelling | doaj-art-577e85dd3ca54d909e3953c3c66d9d7f2025-01-02T05:21:31ZengŠibenik University of Applied SciencesElektronički Zbornik Radova Veleučilišta u Šibeniku1846-66991846-66562024-07-01181-25564https://doi.org/10.51650/ezrvs.18.1-2.4Analysis Of Factors Affecting The Auditor's OpinionIvica Filipović0https://orcid.org/0000-0002-2988-9558Sveučilište u Splitu, Sveučilišni odjel za forenzične znanosti, Split, Republika HrvatskaThe auditor's opinion is the key message of every audit report. The audit report is the main product of the engagement of external auditors. Through this engagement, the members of the audit team try to form a conclusion on whether the client's financial statements, which are the subject of an external audit, have been created in accordance with the applicable financial reporting framework. The conclusion formed regarding truthfulness of presented financial statements is presented in a special section of the auditor's report - the auditor's opinion. That section, which contains the auditor's opinion, is a kind of seal of independent external auditors' engagement. Namely, the expressed auditor's opinion is a support for many users of information from financial statements for making business decisions. Precisely because of the importance of the auditor's opinion in business decision-making, space is opened for analyzing various factors that can influence that opinion. For the purposes of this research, the following factors were analyzed, among others: indebtedness, classification of the audit firm in the "Big Four", rotation of the audit firm and return on assets (ROA). In this regard, a model suitable for such research was designed and its testing was carried out on companies listed on the Zagreb Stock Exchange in the Republic of Croatia.https://hrcak.srce.hr/en/file/461953external audit;auditor's opinionfactors affecting the auditor's opinionthe republic of croatia |
| spellingShingle | Ivica Filipović Analysis Of Factors Affecting The Auditor's Opinion Elektronički Zbornik Radova Veleučilišta u Šibeniku external audit; auditor's opinion factors affecting the auditor's opinion the republic of croatia |
| title | Analysis Of Factors Affecting The Auditor's Opinion |
| title_full | Analysis Of Factors Affecting The Auditor's Opinion |
| title_fullStr | Analysis Of Factors Affecting The Auditor's Opinion |
| title_full_unstemmed | Analysis Of Factors Affecting The Auditor's Opinion |
| title_short | Analysis Of Factors Affecting The Auditor's Opinion |
| title_sort | analysis of factors affecting the auditor s opinion |
| topic | external audit; auditor's opinion factors affecting the auditor's opinion the republic of croatia |
| url | https://hrcak.srce.hr/en/file/461953 |
| work_keys_str_mv | AT ivicafilipovic analysisoffactorsaffectingtheauditorsopinion |