Important Factors Influencing Audit Quality And Audit Opinion
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Abstract
Agency theory explains that there is a conflict of interest between shareholders and company managers because of the different amounts of information. External auditors who were independent third parties can mediate to reduce this problem. This research examines the influence of solvency, audit lag, and good corporate governance on audit quality and opinion. The object of this research is 47 banks listed on the Indonesia Stock Exchange. The data used are financial reports published from 2018-2022. The analysis results show that only 35 banks meet the criteria as samples. The research results show that audit lag does not affect audit opinion, while the hypothesis significantly impacts both audit lag and audit opinion. This research provides recommendations to shareholders and company owners to improve governance to obtain an audit opinion that meets expectations.
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References
Aji Pamungkas, S., Indri Purnamasari, D., & Widyastuti, W. (2022). The effect of audit tenure, audit fee, audit committee, and company size on audit quality. Kajian Akuntansi Dan Bisnis Terkini, 3(2), 166–175. https://doi.org/10.31258/jc
Averio, T. (2020). The analysis of influencing factors on the going concern audit opinion – a study in manufacturing firms in Indonesia. Asian Journal of Accounting Research, 6(2), 152–164. https://doi.org/10.1108/AJAR-09-2020-0078
Bahri, S., & Amnia, R. (2020). Effects of company size, profitability, solvability and audit opinion on audit delay. Journal of Auditing, Finance, and Forensic Accounting, 8(1), 27–35. https://doi.org/10.21107/jaffa.v8i1.7058
Bahtiar, A., Meidawati, N., Setyono, P., Putri, N. R., & Hamdani, R. (2021). Determinants of going concern audit opinion: An empirical study in Indonesia. Jurnal Akuntansi & Auditing Indonesia, 25(2), 183–193. https://doi.org/10.20885/jaai.vol25.iss2.art8
Budiantoro, H., Author, C., Lapae, K., Agus, H., Ningsih, T., & Faruqi, F. (2023). Pengaruh good corporate governance, fee audit dan spesialisasi audit terhadap kualitas audit dengan strategi bisnis klien sebagai variabel moderasi. Management, Business, and Accounting (MBIA), 22(2), 216–229. https://doi.org//10.33557/mbia.v22i2.2290
Caroline, H. I., Minarso, B., & Nurcahyono, N. (2023). Determinan opini audit going concern: studi kasus perusahaan sektor industri barang konsumsi. Reviu Akuntansi Dan Bisnis Indonesia, 7(1), 48–61. https://doi.org/10.18196/rabin.v7i1.17082
Das prena, G., & Dewi, P. V. P. (2021). Pengaruh corporate social responsibility (csr), keberadaan whistleblowing internal, dan komitmen good coorporate governance (gcg) terhadap going concern perusahaan (studi pada sektor perhotelan yang terdaftar di bei). Jurnal Ilmiah Akuntansi Dan Bisnis, 6(1), 53–67. https://doi.org/10.38043/jiab.v6i1.2991
Dianto, E. C., . R., & 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), 171–174. https://doi.org/10.52403/ijrr.20211123
Hammond, P., Opoku, M. O., & Kwakwa, P. A. (2022). Relationship among corporate reporting, corporate governance, going concern and investor confidence: Evidence from listed banks in sub Saharan Africa. Cogent Business and Management, 9(1), 1–18. https://doi.org/10.1080/23311975.2022.2152157
Hammond, P., Opoku, M. O., Kwakwa, P. A., & Berko, D. (2023). Comparison of going concern models with and without corporate governance. Cogent Business and Management, 10(2), 1–28. https://doi.org/10.1080/23311975.2023.2234152
Harianja, A., & Sinaga, J. T. G. (2022). The effect of audit fee, audit delay, and auditor switching on audit quality. JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 6(1), 23–31. https://doi.org/10.36555/jasa.v6i1.1709
Hirdinis, M. (2019). Capital structure and firm size on firm value moderated by profitability. International Journal of Economics and Business Administration, 7(1), 174–191. https://doi.org/10.35808/ijeba/204
Husaini, H., Saiful, S., & Ilyas, F. (2019). The substitution role of audit committee effectiveness and audit quality in explaining audit report lag. Accounting and Finance Review, 4(1), 28–37. https://doi.org/10.35609/afr.2019.4.1(5)
Juanda, A., & Lamury, T. F. (2021). Kualitas audit, profitabilitas, leverage dan struktur kepemilikan terhadap opini audit going concern. Jurnal Akademi Akuntansi, 4(2), 270–287. https://doi.org/10.22219/jaa.v4i2.17993
Kingsley N. Ashibogwu, & Bankole, K. O. (2018). Measures of audit quality: evidence from Nigeria. International Journal of Economics and Management Studies, 5(12), 25–30. https://doi.org/10.14445/23939125/ijems-v5i12p105
Mardijuwono, A. W., & Subianto, C. (2018). Independence, professionalism, professional skepticism: The relation toward the resulted audit quality. Asian Journal of Accounting Research, 3(1), 61–71. https://doi.org/10.1108/AJAR-06-2018-0009
Martha, L., & Kasturina. (2023). The effect of liquidity, managerial ownership and leverage on the value of companies listed on the Indonesia stock exchange in 2016-2020. Jurnal Apresiasi Ekonomi, 11(1), 137–147. https://doi.org/10.31846/jae.v11i1.478
Mulyawati, A., & Munandar, A. (2022). Audits quality in mediating profitability, liquidity, audit lag, prior opinion on accepting going concern audits. Interdisciplinary Social Studies, 1(8), 1000–1012. https://doi.org/10.55324/iss.v1i8.178
Nugroho, M. (2021). Corporate governance and firm performance. Accounting, 7(1), 13–22. https://doi.org/10.5267/j.ac.2020.10.019
Oh, H., & Jeon, H. (2022). Does corporate sustainable management reduce audit report lag? Sustainability (Switzerland), 14(13), 1–24. https://doi.org/10.3390/su14137684
Pham, D. H. (2022). Determinants of going-concern audit opinions: evidence from Vietnam stock exchange-listed companies. Cogent Economics and Finance, 10(1), 1–14. https://doi.org/10.1080/23322039.2022.2145749
Pratiwi, R. H. (2020). the Effects of audit lag, opinion shopping, leverage, and profitability to the going concern audit opinion. Jurnal Akuntansi Dan Auditing, 16(2), 89–104. https://doi.org/10.14710/jaa.16.2.89-104
Pronosokodewo, B. G., Adhivinna, V. V., & Nusron, L. A. (2023). Apakah GCG memoderasi pengaruh earning dan capital terhadap kinerja keuangan bank umum? Jurnal Aplikasi Akuntansi, 7(2), 185–204. https://doi.org/10.29303/jaa.v7i2.188
Purba, D. M. (2020). Pengaruh kualitas laba dan rasio keuangan terhadap kualitas audit. Jurnal Akuntansi Dan Governance Andalas, 2(2), 89–104. www.jaga.unand.ac.id
Retnosari, D., & Apriwenni, P. (2021). Opini audit going concern: Faktor-faktor yang memengaruhi. Jurnal Akuntansi, 10(1), 28–39. https://doi.org/10.46806/ja.v10i1.797
Revo, H., Polii, L., Soewignyo, F., Sumanti, E. R., & Mandagi, D. W. (2023). Predictive ability of financial and non-financial performance for financial statement publication time frame : moderating role of. Revista de Gestao Social e Ambiental, 17(2), 1–22. https://doi.org/https://doi.org/10.24857/rgsa.v17n2-009
Sailendra, S., Murwaningsari, E., Mayangsari, S., & Murtanto, M. (2020). The moderating effect of benevolence on the influence of corporate governance on audit quality. International Journal of Applied Business and International Management, 5(1), 1–11. https://doi.org/10.32535/ijabim.v5i1.762
Saparinda, R. W., & Damayanti, S. (2023). Pengaruh kualitas audit dan good corporate governance terhadap opini audit going concern. Journal of Engineering Research, 9(1), 19–30. https://doi.org/https://doi.org/10.25134/jrka.v9i1.7588
Simamora, R. A., & 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), 145–156. https://doi.org/10.1108/AJAR-05-2019-0038
Soliman, W. S. M. K. (2020). Investigating the effect of corporate governance on audit quality and its impact on investment efficiency. Investment Management and Financial Innovations, 17(3), 175–188. https://doi.org/10.21511/imfi.17(3).2020.14
Soyemi, K., Afolabi, O. V., & Obigbemi, I. F. (2021). External audit quality and clients’ corporate governance mechanisms in Nigeria: Any nexus? Journal of Research in Emerging Markets, 3(2), 44–59. https://doi.org/10.30585/jrems.v3i2.596
Srimindarti, C., Suwarti, T., Oktaviani, R. M., & Fajar, J. A. (2019). Determinants of going concern audit opinion. Advances in Economics, Business and Management Research, 86(Icobame 2018), 96–99. https://doi.org/10.2991/icobame-18.2019.21
Sugiharto, G. A., Utaminingtyas, T. H., & Handarini, D. (2022). Analisis pengaruh financial distress, debt default, dan profitabilitas terhadap opini audit going concern. Jurnal Akuntansi, Perpajakan Dan Auditing, 3(2), 498–513. https://doi.org/10.21009/japa.0302.14
Suhandoyo, R., & Sukarmanto, E. (2022). Pengaruh audit rotation dan audit delay terhadap kualitas audit. Bandung Conference Series: Accountancy, 2(1), 454–460. https://doi.org/10.29313/bcsa.v2i1.1847
Sundari, Solikhah Nurwati, & Jonfrid Siae. (2023). Pengaruh likuiditas, solvabilitas dan aktivitas terhadap profitabilitas pada perusahaan farmasi yang terdaftar di Bursa Efek Indonesia (BEI). Jurnal Manajemen Sains Dan Organisasi, 3(3), 193–201. https://doi.org/10.52300/jmso.v3i3.5400
Triani, N. N. A., & Yanthi, M. D. (2020). The effect of audit firms size, leverage, going concern opinion, audit tenure, on audit quality in Indonesia. Advances in Economics, Business and Management Research, 144(Afbe 2019), 261–265. https://doi.org/10.2991/aebmr.k.200606.044
Wahyudi, S. (2022). The effect of protection for investors, sharia financial accounting standards, good corporate governance on audit quality and their implications on profit quality of Sharia commercial banks in Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal), 5(1), 6057–6069. https://doi.org/10.33258/birci.v5i1.4319
Warti, R., Audina, dea dana, Azizi, A., & Nasution, J. (2023). Implementasi Good Corporate Governance ( GCG ) pada Pengukuran resiko dan kinerja keuangan bank syariah: studi kasus pada bank umum syariah. MES Manajemen Jurnal, 2(2), 216–228. https://doi.org/DOI: 10. 56709/mesman.v2.i2.86 Implementasi
Zdolšek, D., Jagrič, T., & Kolar, I. (2022). Auditor’s going-concern opinion prediction: the case of Slovenia. Economic Research-Ekonomska Istrazivanja , 35(1), 106–121. https://doi.org/10.1080/1331677X.2021.1888766
Zendrato, S., & Hutabarat, F. (2020). The effect of liquidity, profitability, and solvability on going concern audit opinions on the property & real estate subsector. The International on Innovations in Social Sciences and Education (ICoISSE), 1(1), 148–154. http://conference.loupiasconference.org/index.php/ICoISSE/article/view/31
Averio, T. (2020). The analysis of influencing factors on the going concern audit opinion – a study in manufacturing firms in Indonesia. Asian Journal of Accounting Research, 6(2), 152–164. https://doi.org/10.1108/AJAR-09-2020-0078
Bahri, S., & Amnia, R. (2020). Effects of company size, profitability, solvability and audit opinion on audit delay. Journal of Auditing, Finance, and Forensic Accounting, 8(1), 27–35. https://doi.org/10.21107/jaffa.v8i1.7058
Bahtiar, A., Meidawati, N., Setyono, P., Putri, N. R., & Hamdani, R. (2021). Determinants of going concern audit opinion: An empirical study in Indonesia. Jurnal Akuntansi & Auditing Indonesia, 25(2), 183–193. https://doi.org/10.20885/jaai.vol25.iss2.art8
Budiantoro, H., Author, C., Lapae, K., Agus, H., Ningsih, T., & Faruqi, F. (2023). Pengaruh good corporate governance, fee audit dan spesialisasi audit terhadap kualitas audit dengan strategi bisnis klien sebagai variabel moderasi. Management, Business, and Accounting (MBIA), 22(2), 216–229. https://doi.org//10.33557/mbia.v22i2.2290
Caroline, H. I., Minarso, B., & Nurcahyono, N. (2023). Determinan opini audit going concern: studi kasus perusahaan sektor industri barang konsumsi. Reviu Akuntansi Dan Bisnis Indonesia, 7(1), 48–61. https://doi.org/10.18196/rabin.v7i1.17082
Das prena, G., & Dewi, P. V. P. (2021). Pengaruh corporate social responsibility (csr), keberadaan whistleblowing internal, dan komitmen good coorporate governance (gcg) terhadap going concern perusahaan (studi pada sektor perhotelan yang terdaftar di bei). Jurnal Ilmiah Akuntansi Dan Bisnis, 6(1), 53–67. https://doi.org/10.38043/jiab.v6i1.2991
Dianto, E. C., . R., & 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), 171–174. https://doi.org/10.52403/ijrr.20211123
Hammond, P., Opoku, M. O., & Kwakwa, P. A. (2022). Relationship among corporate reporting, corporate governance, going concern and investor confidence: Evidence from listed banks in sub Saharan Africa. Cogent Business and Management, 9(1), 1–18. https://doi.org/10.1080/23311975.2022.2152157
Hammond, P., Opoku, M. O., Kwakwa, P. A., & Berko, D. (2023). Comparison of going concern models with and without corporate governance. Cogent Business and Management, 10(2), 1–28. https://doi.org/10.1080/23311975.2023.2234152
Harianja, A., & Sinaga, J. T. G. (2022). The effect of audit fee, audit delay, and auditor switching on audit quality. JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 6(1), 23–31. https://doi.org/10.36555/jasa.v6i1.1709
Hirdinis, M. (2019). Capital structure and firm size on firm value moderated by profitability. International Journal of Economics and Business Administration, 7(1), 174–191. https://doi.org/10.35808/ijeba/204
Husaini, H., Saiful, S., & Ilyas, F. (2019). The substitution role of audit committee effectiveness and audit quality in explaining audit report lag. Accounting and Finance Review, 4(1), 28–37. https://doi.org/10.35609/afr.2019.4.1(5)
Juanda, A., & Lamury, T. F. (2021). Kualitas audit, profitabilitas, leverage dan struktur kepemilikan terhadap opini audit going concern. Jurnal Akademi Akuntansi, 4(2), 270–287. https://doi.org/10.22219/jaa.v4i2.17993
Kingsley N. Ashibogwu, & Bankole, K. O. (2018). Measures of audit quality: evidence from Nigeria. International Journal of Economics and Management Studies, 5(12), 25–30. https://doi.org/10.14445/23939125/ijems-v5i12p105
Mardijuwono, A. W., & Subianto, C. (2018). Independence, professionalism, professional skepticism: The relation toward the resulted audit quality. Asian Journal of Accounting Research, 3(1), 61–71. https://doi.org/10.1108/AJAR-06-2018-0009
Martha, L., & Kasturina. (2023). The effect of liquidity, managerial ownership and leverage on the value of companies listed on the Indonesia stock exchange in 2016-2020. Jurnal Apresiasi Ekonomi, 11(1), 137–147. https://doi.org/10.31846/jae.v11i1.478
Mulyawati, A., & Munandar, A. (2022). Audits quality in mediating profitability, liquidity, audit lag, prior opinion on accepting going concern audits. Interdisciplinary Social Studies, 1(8), 1000–1012. https://doi.org/10.55324/iss.v1i8.178
Nugroho, M. (2021). Corporate governance and firm performance. Accounting, 7(1), 13–22. https://doi.org/10.5267/j.ac.2020.10.019
Oh, H., & Jeon, H. (2022). Does corporate sustainable management reduce audit report lag? Sustainability (Switzerland), 14(13), 1–24. https://doi.org/10.3390/su14137684
Pham, D. H. (2022). Determinants of going-concern audit opinions: evidence from Vietnam stock exchange-listed companies. Cogent Economics and Finance, 10(1), 1–14. https://doi.org/10.1080/23322039.2022.2145749
Pratiwi, R. H. (2020). the Effects of audit lag, opinion shopping, leverage, and profitability to the going concern audit opinion. Jurnal Akuntansi Dan Auditing, 16(2), 89–104. https://doi.org/10.14710/jaa.16.2.89-104
Pronosokodewo, B. G., Adhivinna, V. V., & Nusron, L. A. (2023). Apakah GCG memoderasi pengaruh earning dan capital terhadap kinerja keuangan bank umum? Jurnal Aplikasi Akuntansi, 7(2), 185–204. https://doi.org/10.29303/jaa.v7i2.188
Purba, D. M. (2020). Pengaruh kualitas laba dan rasio keuangan terhadap kualitas audit. Jurnal Akuntansi Dan Governance Andalas, 2(2), 89–104. www.jaga.unand.ac.id
Retnosari, D., & Apriwenni, P. (2021). Opini audit going concern: Faktor-faktor yang memengaruhi. Jurnal Akuntansi, 10(1), 28–39. https://doi.org/10.46806/ja.v10i1.797
Revo, H., Polii, L., Soewignyo, F., Sumanti, E. R., & Mandagi, D. W. (2023). Predictive ability of financial and non-financial performance for financial statement publication time frame : moderating role of. Revista de Gestao Social e Ambiental, 17(2), 1–22. https://doi.org/https://doi.org/10.24857/rgsa.v17n2-009
Sailendra, S., Murwaningsari, E., Mayangsari, S., & Murtanto, M. (2020). The moderating effect of benevolence on the influence of corporate governance on audit quality. International Journal of Applied Business and International Management, 5(1), 1–11. https://doi.org/10.32535/ijabim.v5i1.762
Saparinda, R. W., & Damayanti, S. (2023). Pengaruh kualitas audit dan good corporate governance terhadap opini audit going concern. Journal of Engineering Research, 9(1), 19–30. https://doi.org/https://doi.org/10.25134/jrka.v9i1.7588
Simamora, R. A., & 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), 145–156. https://doi.org/10.1108/AJAR-05-2019-0038
Soliman, W. S. M. K. (2020). Investigating the effect of corporate governance on audit quality and its impact on investment efficiency. Investment Management and Financial Innovations, 17(3), 175–188. https://doi.org/10.21511/imfi.17(3).2020.14
Soyemi, K., Afolabi, O. V., & Obigbemi, I. F. (2021). External audit quality and clients’ corporate governance mechanisms in Nigeria: Any nexus? Journal of Research in Emerging Markets, 3(2), 44–59. https://doi.org/10.30585/jrems.v3i2.596
Srimindarti, C., Suwarti, T., Oktaviani, R. M., & Fajar, J. A. (2019). Determinants of going concern audit opinion. Advances in Economics, Business and Management Research, 86(Icobame 2018), 96–99. https://doi.org/10.2991/icobame-18.2019.21
Sugiharto, G. A., Utaminingtyas, T. H., & Handarini, D. (2022). Analisis pengaruh financial distress, debt default, dan profitabilitas terhadap opini audit going concern. Jurnal Akuntansi, Perpajakan Dan Auditing, 3(2), 498–513. https://doi.org/10.21009/japa.0302.14
Suhandoyo, R., & Sukarmanto, E. (2022). Pengaruh audit rotation dan audit delay terhadap kualitas audit. Bandung Conference Series: Accountancy, 2(1), 454–460. https://doi.org/10.29313/bcsa.v2i1.1847
Sundari, Solikhah Nurwati, & Jonfrid Siae. (2023). Pengaruh likuiditas, solvabilitas dan aktivitas terhadap profitabilitas pada perusahaan farmasi yang terdaftar di Bursa Efek Indonesia (BEI). Jurnal Manajemen Sains Dan Organisasi, 3(3), 193–201. https://doi.org/10.52300/jmso.v3i3.5400
Triani, N. N. A., & Yanthi, M. D. (2020). The effect of audit firms size, leverage, going concern opinion, audit tenure, on audit quality in Indonesia. Advances in Economics, Business and Management Research, 144(Afbe 2019), 261–265. https://doi.org/10.2991/aebmr.k.200606.044
Wahyudi, S. (2022). The effect of protection for investors, sharia financial accounting standards, good corporate governance on audit quality and their implications on profit quality of Sharia commercial banks in Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal), 5(1), 6057–6069. https://doi.org/10.33258/birci.v5i1.4319
Warti, R., Audina, dea dana, Azizi, A., & Nasution, J. (2023). Implementasi Good Corporate Governance ( GCG ) pada Pengukuran resiko dan kinerja keuangan bank syariah: studi kasus pada bank umum syariah. MES Manajemen Jurnal, 2(2), 216–228. https://doi.org/DOI: 10. 56709/mesman.v2.i2.86 Implementasi
Zdolšek, D., Jagrič, T., & Kolar, I. (2022). Auditor’s going-concern opinion prediction: the case of Slovenia. Economic Research-Ekonomska Istrazivanja , 35(1), 106–121. https://doi.org/10.1080/1331677X.2021.1888766
Zendrato, S., & Hutabarat, F. (2020). The effect of liquidity, profitability, and solvability on going concern audit opinions on the property & real estate subsector. The International on Innovations in Social Sciences and Education (ICoISSE), 1(1), 148–154. http://conference.loupiasconference.org/index.php/ICoISSE/article/view/31
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2024-07-18
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