Original Research
The Influence of Earnings Quality for Restatements and Auditor’s Qualified Opinion
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The objective of the present study was to raise the cases of restatements and to evaluate whether these events were associated with the low earnings quality and with the provision of advice with a qualified opinion by audit firms. The results obtained with the analysis indicate that the low earnings quality increases the chances of republishing the financial statements. Additionally, the results indicate that there is no evidence that lower earnings quality increases the chances of issuing a qualified audit report or disapproval of the financial statements by the independent auditors. These results point to a divergence regarding the understanding of earnings quality by the auditors and by the regulatory agency.
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Keywords
Disclosure; Financial Statements; Earnings Quality; Republication; Caveat
Author(s) Information
How to cite this article
Siqueira, A. A., & Caio Galdi, F. (2020). The influence of earnings quality for restatements and auditor’s qualified opinion. New Challenges in Accounting and Finance, 3, 53-68. https://doi.org/10.32038/NCAF.2020.03.05
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Funding
Not applicable.
Conflict of Interests
No, there are no conflicting interests.
Open Access
This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. You may view a copy of Creative Commons Attribution 4.0 International License here: http://creativecommons.org/licenses/by/4.0/