HOW DO FIRM CHARACTERISTICS INFLUENCE GOING-CONCERN OPINIONS? UNRAVELING THE MEDIATED-MODERATED PATHWAYS THROUGH AUDIT QUALITY AND FIRM SIZE
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Abstract
This study examines the influence of profitability, liquidity, audit fees, previous year's audit opinion, and debt to equity ratio on going concern audit opinions, with audit quality as a mediating variable and company size as a moderating variable in industrial sector companies listed on the Indonesia Stock Exchange during the 2021–2024 period. The research employs a quantitative explanatory approach using panel data regression analysis with the Random Effect Model (REM). The sample consists of 88 industrial sector companies selected through purposive sampling, yielding 88 observations. The results indicate that only previous year's audit opinion has a significant positive effect on going concern audit opinions, suggesting the persistence of business continuity risks. Profitability, liquidity, audit fees, and debt to equity ratio do not have significant effects. The moderation analysis reveals that company size moderates the relationship between previous year's audit opinion and going concern audit opinions, weakening the effect in larger companies. However, company size does not moderate the effects of profitability, liquidity, audit fees, and debt to equity ratio. The mediation analysis shows that audit quality does not significantly mediate any of the relationships between independent variables and going concern audit opinions. These findings highlight that previous year's audit opinion is the most influential factor in determining going concern audit opinions, emphasizing the importance of historical audit information in auditors' decision-making processes. The study contributes to the understanding of going concern audit opinions by developing an integrative model that incorporates both financial and non-financial factors.
Keywords:
Going Concern Audit Opinion Profitability Liquidity Audit Quality Company SizeReferences
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