The Influence of Internal Factors on Going Concern Audit Opinions: Study of Industrial Companies on the Indonesia Stock Exchangee

Akwilan Evalyn Yolanda Zagoto, Dian Widiyati, Panji Priyanto

Abstract


This research discusses the influence of independent commissioners, managerial ownership, and audit quality on accepting going-concern audit opinions. This research aims to determine the impact of independent commissioners, managerial ownership, and audit quality on the acceptance of going-concern audit opinions. The method used in this research is quantitative, and the data used is secondary data. The sampling technique was carried out using purposive sampling by considering specific criteria determined by the researcher. The population used in this research is industrial companies listed on the Indonesia Stock Exchange for the 2018-2022 period, data processing uses e-views 12 version. Based on the research results, it can be concluded that independent commissioner and managerial ownership variables influence the acceptance of going concern audit opinions. Meanwhile, audit quality does not affect the acceptance of going-concern audit opinions.

Keywords


Independent Commissioner; Managerial Ownership; Audit Quality; Audit Opinion Going Concern

Full Text:

PDF

References


Adesina, K., Erin, O., Ajetunmobi, O., Ilogho, S., and Asiriuwa, O. (2020). Does forensic audit influence fraud control? evidence from Nigerian deposit money banks. Banks and Bank Systems. https://doi.org/10.21511/bbs.15(2).2020.19

Afza, T., and Nazir, M. S. (2014). Audit quality and firm value: A case of Pakistan. Research Journal of Applied Sciences, Engineering and Technology. https://doi.org/10.19026/rjaset.7.465

Agus Harjito, D., Santoso, A. R. C., and McGowan, C. B. (2021). The effect of corporate governance and corporate strategy on family firm performance in indonesia. Journal of Applied Business Research, 37(1). https://doi.org/10.2991/aebmr.k.200127.082

Ahmad, L., and Suhara, E. (2016). The Effect of Audit Quality on Earning Management within Manufacturing Companies Listed on Indonesian Stock Exchange. Research Journal of Finance and Accounting Www.Iiste.Org ISSN.

Alamsyah, M. T., and Apandi, R. N. N. (2023). Faktor-Faktor Yang Mempengaruhi Opini Audit Going Concern Berdasarkan Standar Audit 570. Responsive, 6(1). https://doi.org/10.24198/responsive.v6i1.45965

Ardiyanti, N. L. P. H. A., Putra, I. G. C., and Santoso, M. E. S. (2021). Pengaruh Kualitas Audit, Financial Distress, Rentang Waktu Penyelesaian Audit dan Good Corporate Governance Terhadap Penerimaan Opini Audit Going Concern. Jurnal Kharisma, 3(1).

Chen, W. (Tina), Zhou, G. (Stephen), and Zhu, X. (Kevin). (2019). CEO tenure and corporate social responsibility performance. Journal of Business Research. https://doi.org/10.1016/j.jbusres.2018.08.018

Connelly, B. L., Certo, S. T., Ireland, R. D., and Reutzel, C. R. (2011). Signaling theory: A review and assessment. Journal of Management, 37(1), 39–67. https://doi.org/10.1177/0149206310388419

Dianto, E. C., . R., and 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. International Journal of Research and Review, 8(11). https://doi.org/10.52403/ijrr.20211123

Divira, D., and Darya, K. (2023). Pengaruh Disclosure, Financial Distress, dan Debt Default terhadap Opini Audit Going Concern. Jurnal Keuangan Dan Perbankan, 17(2). https://doi.org/10.35384/jkp.v17i2.325

Elsa Imelda, F. P. K. (2022). Pengaruh Tata Kelola Perusahaan Terhadap Pengungkapan Sukarela. Jurnal Paradigma Akuntansi, 4(1). https://doi.org/10.24912/jpa.v4i1.17521

Golmohammadi Shuraki, M., Pourheidari, O., and Azizkhani, M. (2021). Accounting comparability, financial reporting quality and audit opinions: evidence from Iran. Asian Review of Accounting, 29(1). https://doi.org/10.1108/ARA-06-2020-0087

Gusti, Q. R., and Yudowati, S. P. (2018). Pengaruh Leverage, Profitabilitas, Pertumbuhan Perusahaan, Dan Opini Audit Tahun Sebelumnya Terhadap Penerimaan Opini Audit Going Concern. EProceedings of Management, 5(3).

Hakiki, F., and Mappanyukki, R. (2022). The Influence Factors of Going Concern Audit Opinion Acceptance Using Firm Size as A Moderating Variable. Journal of Social Science, 3(6). https://doi.org/10.46799/jss.v3i6.476

Hamid, M. F. (2020). Pengaruh Mekanisme Good Corporate Governance, Leverage, dan Kualitas Audit Terhadap Opini Going Concern. Jurnal Ilmu Dan Riset Akuntansi, 9(10).

Hanisa, F., and Rahmi, E. (2021). Pengaruh Financial Leverage, Kualitas Audit Dan Pertumbuhan Perusahaan Terhadap Manajemen Laba. Jurnal Ecogen, 4(2), 317. https://doi.org/10.24036/jmpe.v4i2.11056

He, Z., Chen, D., and Tang, J. (2021). Do goodwill impairments affect audit opinions? Evidence from China. China Journal of Accounting Research, 14(2). https://doi.org/10.1016/j.cjar.2021.03.002

Hidayah, N. E. F., and Rahmawati, R. (2019). The Effect of Capital Structure, Profitability, Institutional Ownership, and Liquidity on Firm Value. Indonesian Journal of Contemporary Management Research.

Hidayat, R., Wahyudi, S., Muharam, H., and Zainudin, F. (2020). Institutional ownership, productivity sustainable investment based on financial constrains and firm value: Implications of agency theory, signaling theory, and asymmetry information on sharia companies in Indonesia. International Journal of Financial Research. https://doi.org/10.5430/ijfr.v11n1p71

Himam, M. F., and Masitoh, E. (2020). the Effect of Audit Quality, Liquidity, Solvability, and Profitability on Audit Going Concern Opinion. Audit Dan Sistem Informasi Akuntansi, 4(1).

Hutagalung, S. R., and Triyanto, D. N. (2021). Pengaruh Kepemilikan Manajerial, Ukuran Perusahaan, Dan Kondisi Keuangan Terhadap Opini Audit Going Concern. E-Proceeding of Management, 8(1).

IAPI. (2013). Sa 570. Standar Profesional Akuntan Publik, 1.

Jensen, M. C., and 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

Kılıç, M., and Kuzey, C. (2019). The effect of corporate governance on carbon emission disclosures: Evidence from Turkey. International Journal of Climate Change Strategies and Management. https://doi.org/10.1108/IJCCSM-07-2017-0144

Kosnik, R. D., and Bettenhausen, K. L. (1992). Agency Theory and the Motivational Effect of Management Compensation. Group and Organization Management. https://doi.org/10.1177/1059601192173009

Kurnia, P., and Mella, N. F. (2018). Opini Audit Going Concern Kajian Berdasarkan Kualitas Audit, Kondisi Keuangan, Audit Tenure, Ukuran Perusahaan, Pertumbuhan Perusahaan dan Opini Audit Tahun Sebelumnya. Jurnal Riset Akuntansi Dan Keuangan Program Studi Akuntansi FPEB UPI, 6(1).

Mada, B. E., and Laksito, H. (2013). Pengaruh Mekanisme Corporate Governance, Reputasi KAP, Debt Default Dan Financial Distress Terhadap Penerimaan Opini Audit Going Concern. Diponegoro Journal of Accounting, 2(4).

Meckfessel, M. D., and Sellers, D. (2017). The impact of Big 4 consulting on audit reporting lag and restatements. Managerial Auditing Journal. https://doi.org/10.1108/MAJ-02-2016-1321

Mitra, S., Hossain, M., and Marks, B. R. (2012). Corporate ownership characteristics and timeliness of remediation of internal control weaknesses. Managerial Auditing Journal. https://doi.org/10.1108/02686901211263076

Nurhidayanti, F., Listari, S., and Efrianti, D. (2023). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Dan Nilai Perusahaan. Jurnal Ilmiah Akuntansi Kesatuan, 11(1). https://doi.org/10.37641/jiakes.v11i1.1769

OJK. (2014). Financial Services Authority Regulation Number 33/POJK.04/2014. 33, 1–35. https://repositories.lib.utexas.edu/handle/2152/39127%0Ahttps://cris.brighton.ac.uk/ws/portalfiles/portal/4755978/Julius+Ojebode%27s+Thesis.pdf%0Ausir.salford.ac.uk/29369/1/Angela_Darvill_thesis_esubmission.pdf%0Ahttps://dspace.lboro.ac.uk/dspace-jspui/ha

Otoritas Jasa Keuangan. (2018). Indonesia Corporate Governance Manual. Indonesia Corporate Governance Manual, Second Edition.

Pittino, D., Barroso Martínez, A., Chirico, F., and Sanguino Galván, R. (2018). Psychological ownership, knowledge sharing and entrepreneurial orientation in family firms: The moderating role of governance heterogeneity. Journal of Business Research, 84. https://doi.org/10.1016/j.jbusres.2017.08.014

Ramadhan, A. P., and Sumardjo, M. (2021). Previous Years Audit Opinions, Profitability, Audit Tenure and Quality Control System on Going Concern Audit Opinion. European Journal of Business and Management Research, 6(2). https://doi.org/10.24018/ejbmr.2021.6.2.817

Rufino, H., Payabyab, R. G., and Lim, G. T. (2018). Competency Requirements for Professional Accountants: Basis for Accounting Curriculum Enhancement. Review of Integrative Business and Economics Research, 7(3), 116–128. https://doi.org/10.2139/ssrn.3172508

Setiawan, T. H. (2021). Analisis Pengaruh Faktor Perusahaan, Kualitas Audit, dan Mekanisme Good Corporate Governance Terhadap Penerimaan Opini Audit Going Concern. Universitas Diponegoro.

Simamora, R. A., and 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). https://doi.org/10.1108/AJAR-05-2019-0038

Suantini. (2021). Pengaruh Kualitas Audit, Opini Audit Tahun Sebelumnya, Leverage, Dan Pertumbuhan PerusahaanTerhadap Opini Audit Going Concern Pada Seluruh Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Karya Riset Mahasiswa Akuntansi, 01(04).

Suci, I., and Pamungkas, I. D. (2022). Pengaruh Financial Distress Terhadap Penerimaan Opini Audit Going Concern Dengan Good Corporate Governance Sebagai Variabel Moderasi Studi Pada Sektor Energi Tahun 2014 – 2020. Jurnal Riset Ekonomi Dan Bisnis, 15(1). https://doi.org/10.26623/jreb.v15i1.4555

Sugiyono. (2014). Metode Penelitian kuantitatif, kualitatif dan R and D. Alfabeta.

Suhadak, Kurniaty, Handayani, S. R., and Rahayu, S. M. (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 4(1), 18–34. https://doi.org/10.1108/AJAR-07-2018-0021

Wardani, A., and Satyawan, M. D. (2022). Pengaruh Komisaris Independen dan Struktur Kepemilikan Terhadap Penerimaan Opini Audit Going Concern. Jurnal Akuntansi AKUNESA, 10(2). https://doi.org/10.26740/akunesa.v10n2.p107-115

Widoretno, A. A. (2019). Factors That Influence The Acceptance of Going Concern Audit Opinion on Manufacture Companies. Journal of Economics, Business, and Government Challenges, 2(1), 49–57. https://doi.org/10.33005/ebgc.v2i1.64

Wirawati, N. B. and N. G. P. (2017). Faktor-Faktor yang Memengaruhi Pemberian Opini Audit Going Concern. E-Jurnal Akuntansi Universitas Udayana, 19(1), 109–136.

Wulandari, S. N., Deviyanti, D. R., and Lahaya, I. A. (2021). Pengaruh Good Corporate Governance, Kualitas Audit Dan Prior Audit Opinion Terhadap Penerimaan Opini Audit Going Concern Pada Perusahaan Jasa Sub Sektor Property dan Real Estate. Jurnal Akuntansi, 9(9).

Young, S. (2015). Earnings Management and Corporate Governance. Wiley Encyclopedia of Management, 1–5. https://doi.org/10.1002/9781118785317.weom010077.




DOI: http://dx.doi.org/10.30742/equilibrium.v20i1.3636

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi

Indexed By:

      
      

  Creative Commons License

Equilibrium by http://journal.uwks.ac.id/index.php/equilibrium is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

 

 

 

 

 

Office: EQUILIBRIUM
Faculty of Economics and Business Universitas Wijaya Kusuma Surabaya
Dukuh Kupang XXV No. 54 Surabaya, Indonesia 60225 
Phone: +62315613231   
email: equilibrium@uwks.ac.id

p-ISSN 1693-1378 | e-ISSN 2598-9952