AUDITOR SWITCHING AND QUALIFIED AUDIT OPINION: EVIDENCE FROM SERBIA




Abstract:
The awareness of association between auditor switching and the audit opinion is essential when legislation regarding mandatory audit practice is being done. To test the significance of the association, we collect data on audit opinion reports of a random sample that comprises 800 industrial entities from Republic of Serbia. Using Fisher's Exact Test, we conclude that companies that have received unqualified opinion in one period, and subsequently changed their auditor firm, were significantly less likely to receive unqualified opinion in the following period, when compared to companies that have not changed auditor.

CITATION:

IEEE format

N. Stanišić, Z. Petrović, K. Vićentijević, V. Mizdraković, “Auditor Switching and Qualified Audit Opinion: Evidence from Serbia,” in Sinteza 2014 - Impact of the Internet on Business Activities in Serbia and Worldwide, Belgrade, Singidunum University, Serbia, 2014, pp. 552-558. doi:10.15308/sinteza-2014-552-558

APA format

Stanišić, N., Petrović, Z., Vićentijević, K., Mizdraković, V. (2014). Auditor Switching and Qualified Audit Opinion: Evidence from Serbia. Paper presented at Sinteza 2014 - Impact of the Internet on Business Activities in Serbia and Worldwide. doi:10.15308/sinteza-2014-552-558

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