AUDIT OPINION: A STUDY OF QUALIFICATION OPINION AND PARAGRAPHS OF EMPHASIS ON THE FINANCIAL STATEMENTS OF BRAZILIAN PUBLIC FIRMS

• Autor(a) principal: Damascena, Luzivalda Guedes
• Data de Publicação: 2013
• Outros Autores: Paulo, Edilson
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Universo Contábil
• Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/3321
• topic: Audit. Audit opinion. Financial reports. Logit; Auditoría. Opinión de los auditores. Cuentas anuales. Logit.; Auditoria. Parecer de auditoria. Demonstrações contábeis. Logit.

The research aims to verify if the accounting variables and financial indexes have influence on the audit opinions’ issuance with qualification opinion or paragraph of emphasis, on listed companies in the Bolsa de Valores de São Paulo. The study used the logit estimation method. The sample of this work includes 1.466 reports of the independent auditors about the financial reports of the Brazilian public firms within the fiscal years of 2006 and 2008. The results evidence that the other audit firms issue more qualification opinions and paragraphs of emphasis than the Big Four, even these ones having a bigger market share (60%). The estimated model revealed that companies with a greater amount of short-term financing are more probability to have qualification opinions, and that the higher value of the company, lower the chance of occurrence qualification opinion or paragraph of emphasis.