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Analysis of going concern modified audit report in Indonesia and Singapore

Author

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  • Martin Surya Mulyadi
  • Shiella Budiawan

Abstract

Audit reports are very useful for both internal and external decision makers as they provide assurance over financial reports which often reflect the going-concern ability of a company. Going-concern-modified audit reports are seen as a credible signal from auditors regarding the financial condition of the company. This research analyses determinants of going-concern-modified audit reports in Indonesia and Singapore. Despite the difference of these two countries, our findings show similar evidence in both countries. Even though prior studies document that companies' characteristics, companies' financial performance and auditors' characteristics may determine the issuance of going-concern-modified audit reports, it is not evident in our study. Despite these variables, we found that the previous year audit report is a significant determinant of issuance of a going-concern- modified audit report. This suggests that this report is a credible signal of a company's financial distress.

Suggested Citation

  • Martin Surya Mulyadi & Shiella Budiawan, 2018. "Analysis of going concern modified audit report in Indonesia and Singapore," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 20(1), pages 120-127.
    • Handle: RePEc:ids:ijbglo:v:20:y:2018:i:1:p:120-127
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    Cited by:

    1. Rachael Modupe Gbadamosi & Ezekiel Alade, 2024. "Auditors' Characteristics and Timeliness of Listed Family-Owned Firms in Nigeria," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 23(1), pages 215-236, January.

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