Analysis of Factor Affecting Going Concern Audit Opinion on Manufacturing Companies Sub Sector Food and Beverage Listed on the Indonesia Stock Exchange 2015-2019

This research aims to investigate the analysis of variables influencing the audit views on food and beverage manufacturing firms listed on the Indonesia Stock Exchange in 2015-2019. The study is proxied into five variables, namely debt default, corporate financial situation, corporate growth, corporate size, and audit quality. There were 31 food and beverage sub- sector manufacturing firms listed on the Indonesia Stock Exchange in 2015-2019. With purposeful sampling, the research sample became 16 companies with the following criteria: food and beverage sub-sector manufacturers listed on the Indonesia Stock Exchange for the period 2015-2019 and not listed after 1 January 2015, food and beverage sub-sector manufacturers whose financial statements were audited during the period 2015-2019 and an independent auditor was appointed. The research technique utilizes a quantitative way to analyze logistic regression. The findings revealed that a continuing financial situation influenced audit opinion, whereas debt default, business growth, company size, and audit quality had no ongoing impact on audit opinion. Simultaneously, debt default, financial situation, growth, size, quality have a major continuous impact on the audit opinion.

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PENGARUH DEBT DEFAULT, PERTUMBUHAN PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP PENERIMAAN OPINI AUDIT GOING CONCERN

Buletin Studi Ekonomi ◽

10.24843/bse.2020.v25.i02.p06 ◽

2020 ◽

pp. 265

Author(s):

Nurjannah Dwita Al Fath ◽

Pudjo - Sugito

Keyword(s):

Logistic Regression ◽

Data Analysis ◽

Stock Exchange ◽

Sampling Technique ◽

Manufacturing Companies ◽

Audit Opinion ◽

Going Concern ◽

Debt Default ◽

Food And Beverage ◽

Going Concern Opinion

The aims of this research are to analyze the effect of debt default, the company's growth and size of the company going concern audit opinion. This study uses a quantitative approach because the emphasis on testing theories through the measurement of research variables with numbers and perform statistical data analysis procedures. The population used in this study is a manufacturing company of food and beverage subsector listed in Indonesia Stock Exchange in 2012-2015 as many as 14 companies. Meanwhile, the number of samples in this study are 56 companies, the sampling technique using saturation sampling method (census) and data analysis techniques used are descriptive statistics and logistic regression (logistic regression). Based on the results of research show that the debt default positively effect to the going cocern opinion, company's growth negatively effect to the going concern opinion and firm size also negatively affect the going concern opinion. This study has limitations because it uses secondary data are derived from the annual report. Object of research only on subsector of manufacturing companies namely food and beverage subsector. So that, the company should not use the research findings in the formulation of decisions dealing with going concern audit opinion. It means, required consideration of other factors that should be explored through subsequent research. Tujuan penelitian ini adalah untuk menganalisis pengaruh debt default, pertumbuhan dan ukuran perusahaan terhadap opini audit going concern. Penelitian ini menggunakan pendekatan kuantitatif karena penekanannya pada pengujian teori melalui pengukuran variabel penelitian dengan angka dan melakukan prosedur analisis data statistik. Populasi yang digunakan pada penelitian ini adalah perusahaan manufaktur subsektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia pada tahun 2012-2015 sebanyak 14 perusahaan. Sementara itu, jumlah sampel dalam penelitian ini adalah 56 perusahaan. Teknik pengambilan sampel menggunakan metode sampling jenuh (sensus) dan teknik analisis data yang digunakan adalah statistik deskriptif dan regresi logistik (regresi logistik). Berdasarkan hasil penelitian menunjukkan bahwa debt default berpengaruh positif terhadap opini audit going cocern, pertumbuhan perusahaan berpengaruh negatif terhadap opini audit going concern dan ukuran perusahaan juga berpengaruh negatif terhadap opini audit going concern. Penelitian ini memiliki keterbatasan karena menggunakan data sekunder yang berasal dari laporan tahunan. Objek penelitian hanya pada subsektor perusahaan manufaktur yaitu subsektor makanan dan minuman. Sehingga, perusahaan tidak boleh menggunakan temuan penelitian dalam perumusan keputusan yang berhubungan dengan opini audit going concern. Maknanya, diperlukan pertimbangan faktor-faktor lain yang harus dieksplorasi melalui penelitian selanjutnya.

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ANALISIS FAKTOR YANG MEMPENGARUHI PENERIMAAN OPINI AUDIT GOING CONCERN

JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK ◽

10.25105/jipak.v13i1.5150 ◽

2019 ◽

Vol 13 (1) ◽

pp. 31

Author(s):

Andy Priyono

Keyword(s):

Audit Quality ◽

Stock Exchange ◽

Hypothesis Test ◽

Negative Influence ◽

Manufacturing Companies ◽

Audit Opinion ◽

Going Concern ◽

Financial Condition ◽

Debt Default ◽

Company Growth

Going concern audit opinion received by a company auditor shall indicate their doubts viability of the company. Going concern audit opinion can be used a basis for decision making for users. Some study on the factors that may affect the auditor's going concern audit opinion has been done. However, results of these studies still show inconsistency. This study aims to reexamine the factors that affect the going concern audit opinion.In this study to examine the effect of leverage, liquidity, financial condition, company growth, debt default, audit quality and an independent commissioner to the acceptance of going concern audit opinion. The study design was quantitative with the hypothesis. Test of hypothesis of the study is the logistic regression analysis. The samples of this study were manufacturing companies listed in Indonesian Stock Exchange (IDX) for the period of 2010-2015. Data were collected using purposive sampling method.The results of this study show that the financial condition is an negative influence on the acceptance of going concern audit opinion while leverage and audit quality is an positive influance on the acceptance of going concern audit opinion. While liquidity, company growth, debt default and an independent commissioners is not influence on the acceptance of going concern audit opinion

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The analysis of influencing factors on the going concern audit opinion – a study in manufacturing firms in Indonesia

Asian Journal of Accounting Research ◽

10.1108/ajar-09-2020-0078 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Thomas Averio

Keyword(s):

Audit Quality ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Manufacturing Firms ◽

Annual Reports ◽

Content Type ◽

Audit Opinion ◽

Going Concern ◽

Going Concern Opinion

PurposeIt is argued that the going concern opinion is issued if auditors have a doubt about financial condition of a company. Provision of the going concern audit opinion may worsen the company in terms of gaining public trust and may even indicate bankruptcy. This study aims to determine the factors that affect the auditor's going concern opinion.Design/methodology/approachThis research used secondary data obtained from annual reports and independent audit reports published by the Indonesia Stock Exchange. The population of this research included manufacturing firms registered in the Indonesia Stock Exchange from 2015 to 2019. The sample after the purposive sampling technique being applied consisted of 33 companies. The data were analyzed using logistic regression performed in the statistical analysis software, SPSS 24.0.FindingsThe results indicated that leverage positively affected the going concern audit opinion, then the audit quality, profitability and liquidity negatively affected the going concern audit opinion, whereas firm size and audit lag did not affect the going concern audit opinion.Originality/valueThis study is in contrast to several existing studies on the determinants of the auditor's going concern opinion and provides knowledge on developing more factors affecting the auditor's going concern opinion.

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The Effect of Financial Distress, Debt Default and Audit Tenure on Going Concern Opinion

International Journal of Recent Technology and Engineering - 2 ◽

10.35940/ijrte.c6427.118419 ◽

2019 ◽

Vol 8 (4) ◽

pp. 1049-1054

Keyword(s):

Financial Distress ◽

Stock Exchange ◽

Statistical Tests ◽

Secondary Data ◽

Manufacturing Companies ◽

Audit Opinion ◽

Going Concern ◽

Debt Default ◽

Going Concern Opinion ◽

Negative Effect

One of the accounting assumptions is going concern. Going concern is how company can survive in long time business operation. Going concern becomes very crucial for users of financial statements, namely investors and creditors. If the company in which the investor invests funds and the creditors lend their funds is bankrupt, then the investment and credit lent are in vain and the investor and creditor suffer losses. This study aims to examine the effect of financial distress, debt default, and audit tenure on the acceptance of going concern audit opinion in the period 2014-2018. This study uses secondary data from manufacturing companies financial report which listed in Indonesian Stock Exchange, using purposive sampling method, we obtained 28 companies that are feasible, so that the sample from the study amounted to 140 samples. Statistical tests were performed using SPSS version 24.0 using logistic regression analysis. The results of this study show that financial distress variables have a significant negative effect while debt default and audit tenure have a positive effect on the acceptance of going-concern audit opinion.

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PENGARUH KONDISI KEUANGAN, DEBT DEFAULT, UKURAN PERUSAHAAN, DAN PERTUMBUHAN PERUSAHAAN TERHADAP PENERIMAAN OPINI AUDIT GOING CONCERN

SIMAK ◽

10.35129/simak.v19i01.177 ◽

2021 ◽

Vol 19 (01) ◽

pp. 126-140

Author(s):

Wahyu Delta Setyanida ◽

Ceacilia Srimindarti

Keyword(s):

Stock Exchange ◽

Population Sample ◽

Manufacturing Companies ◽

Audit Opinion ◽

Purposive Sampling ◽

Going Concern ◽

Financial Condition ◽

Debt Default ◽

Sample Method

This research aims to examinethe effect of. financial. condition, debt. default, size, and.Growth on going. concern. audit. opinion. All. manufacturing. companies. listed.onthe. Indonesia. Stock. Exchange. from. 2017. to. 2019 are. used. in. this. study. as.a population. Sample method used in this research is purposive sampling. The. samples. obtained. in. this. study. were. 215 samples. from. 494 manufacturing. companies. The method of analysis used in this research is logistic. regression.Analysis.The result of this research found that. financial. condition, debt. default, size, and growth. does. not. have. a significant.Impacton. going. concern. audit. opinion.The results of this study have implications for the company in order to avoid going concern audit opinion.

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KECENDERUNGAN PENERIMAAN OPINI AUDIT GOING CONCERN: STUDI EMPIRIS DI BURSA EFEK INDONESIA

Jurnal Riset Akuntansi dan Keuangan ◽

10.21460/jrak.2012.82.21 ◽

2012 ◽

Vol 8 (2) ◽

pp. 91

Author(s):

Baldric Siregar ◽

Abdul Rahman

Keyword(s):

Audit Quality ◽

Stock Exchange ◽

Company Size ◽

Observation Data ◽

Manufacturing Companies ◽

Audit Opinion ◽

Going Concern ◽

Financial Condition ◽

Equity Ratio ◽

Company Growth

This research provides the investigation over the acceptance of going concern audit opinion which can be performed by observing the company’s internal condition such as the audit quality, company’s financial condition, audit opinion prior year, company growth, company size, and debt to equity ratio. Samples are obtained by purposive sampling method and 185 observation data from 2006 - 2010 at manufacturing companies listed at Indonesia Stock Exchange. The logistic regression used to examine the factors that are predicted to affect the probability of acceptance of going concern audit opinion. The result of this research is that audit opinion prior year, company growth, and debt to equity ratio are significantly affect the probability of acceptance of going concern audit opinion. On the other hand audit quality, company’s financial condition, and company size do not significantly acceptance of going concern audit opinion.Keywords: audit quality, financial condition, growth, going concern, going concern opinion

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Pengaruh Kondisi Keuangan Perusahaan, Kualitas Audit dan Opinion Shopping Terhadap Penerimaan Opini Going Concern

Jurnal Ilmiah Akuntansi dan Bisnis ◽

10.24843/jiab.2016.v11.i02.p02 ◽

2017 ◽

pp. 75

Author(s):

Syamsuri Rahim

Keyword(s):

Sampling Method ◽

Audit Quality ◽

Stock Exchange ◽

Manufacturing Companies ◽

Analysis Model ◽

Audit Opinion ◽

Going Concern ◽

Financial Condition ◽

Opinion Shopping ◽

Observation Period

This study aims to examine the effect of the company’s financial condition, the audit quality and shopping opinion towards the acceptance of going concern audit opinion. The samples used in this research are manufacturing companies listed in Indonesia Stock Exchange in 2012-2014. The population of this study is132. The samples used are 28 companies selected by random sampling method during the observation period of 3 (three) years. Data was analyzed using logistic regression analysis model. The results show that the financial condition, audit quality and opinion shopping significantly influence the acceptance of going concern audit opinion.

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Pengaruh Rotasi, Reputasi dan Spesialisasi Auditor terhadap Kualitas Audit (Studi Empiris pada Perusahaan Manufaktur yang Listed di BEI)

Kompartemen Jurnal Ilmiah Akuntansi ◽

10.30595/kompartemen.v15i2.1877 ◽

2017 ◽

Vol 15 (2) ◽

Author(s):

Adib Azinudin Nizar

Keyword(s):

Audit Quality ◽

Stock Exchange ◽

Manufacturing Firms ◽

Manufacturing Companies ◽

Auditor Rotation ◽

Logistics Regression ◽

Analyse Data ◽

Auditor Specialization ◽

Auditor Reputation

The study aimed to empirically examine the effect of auditor rotation, audit reputation, and audit specialization on audit quality. The population of data is the entire manufacturing companies listed on the Indonesia stock Exchange in the period 2012 to 2015. Based on this method, sample of 104 manufacturing firms were obtained from the period 2012-2015. Proxy measurements for audit quality are using earning benchmark. The logistics regression was used to analyse data. The results showed that auditor rotation affecting on audit quality, auditor reputation affecting on audit quality, and auditor specialization affecting on audit quality.Keyword: auditor rotation, auditor reputation, auditor specialization, audit quality.

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PENGARUH FINANCIAL DISTRESS, DEBT DEFAULT, DAN AUDIT TENURE TERHADAP PENERIMAAN OPINI AUDIT GOING CONCERN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2015-2017

Jurnal Bina Akuntansi ◽

10.52859/jba.v8i2.175 ◽

2021 ◽

Vol 8 (2) ◽

pp. 189-214

Author(s):

Priska Liliani

Keyword(s):

Financial Distress ◽

Stock Exchange ◽

Manufacturing Sector ◽

Positive Influence ◽

Manufacturing Companies ◽

Audit Opinion ◽

Going Concern ◽

Units Of Analysis ◽

Debt Default ◽

Observation Period

Manufacturing companies are a sector that is quite important for the development of the country's economy. In Indonesia, there are more companies in the manufacturing sector listed on the Indonesia Stock Exchange (IDX). With this larger number of companies, companies in the manufacturing sector have significant industrial influence as well as significant stock fluctuations on the IDX. The purpose of this study aims to analyze the effect of financial distress, debt default, and audit tenure on going concern audit opinion. To support this research, the author uses a sample of manufacturing companies listed on the Stock Exchange as the object of research. From the results of observations for 3 years, namely from 2015 - 2017, 28 samples were obtained to be studied according to the observation period so that the number of units of analysis was equal to 84. Based on tests carried out using logistic regression, empiricalevidence was obtained that the financial distress variable had a positive influence. which is significant to the acceptance of going concern audit opinion. The debt default variable has no significant effect on the going concern audit opinion acceptance. The Audit Tenure variable does not have a significant effect on the going concern audit opinion acceptance.

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Pengaruh Pergantian Auditor dan Kualitas Audit terhadap Opini Audit Going Concern: Studi Empiris Perusahaan Manufaktur di Bursa Efek Indonesia

Binus Business Review ◽

10.21512/bbr.v4i1.1416 ◽

2013 ◽

Vol 4 (1) ◽

pp. 514-530

Author(s):

Arlen Djunaidi ◽

Gatot Soepriyanto

Keyword(s):

Audit Quality ◽

Stock Exchange ◽

Sampling Technique ◽

Manufacturing Companies ◽

Audit Opinion ◽

The Public ◽

Going Concern ◽

Auditor Switching ◽

Big Four ◽

Public Accountant

This study aims to analyze the effect of auditor switching and audit quality on going concern audit opinion in listed manufacturing companies of the Indonesia Stock Exchange (BEI) in the year 2006 to 2008. Auditor switching was marked by a change to the Public Accountant firms (KAP) who perform the audits or companies used the services of an auditor different than before. Audit quality is proxied by the scale of the BigFour auditors or non-Big Four. Going-concern audit opinion is the explanation given by the auditor if there is any doubt regarding the ability of the company to survive in the future. This study used 70 samples out of 452 populations, using purposive sampling technique in which the main criterion is the sample company received going-concern audit opinion in the year preceding the auditor switched. Results of the study showed that the change of auditors and audit quality is not a factor in determining going concern audit opinion of the company.

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