A Study on Reasons of Modified Audit Opinions in Turkey (Current Approaches on Business and Economics)
Yazarlar (1)
Doç. Dr. Hatice Pınar KAYA Kırşehir Ahi Evran Üniversitesi, Türkiye
| Bölüm Adı | A Study on Reasons of Modified Audit Opinions in Turkey | ||
| Kitap Adı | Current Approaches on Business and Economics | ||
| Bölüm Sayfaları | 23-40 | ||
| Kitap Türü | Kitap Bölümü | ||
| Kitap Alt Türü | Alanında uluslararası yayınlanan kitap bölümü | ||
| Kitap Niteliği | Diğer uluslararası bilimsel kitap | ||
| Kitap Dili | İngilizce | Basım Tarihi | 01-2017 |
| DOI Numarası | – | ISBN | 978-605-67769-0-8 |
| Basıldığı Ülke | Amerika Birleşik Devletleri | Basıldığı Şehir | |
| UAK Araştırma Alanları |
Denetim
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| Özet |
| The main purpose of the study is to identify the factors that cause auditors to express modified opinions. In accordance with this purpose, the data for the years 2011-2015 which were obtained from a total of 847 independent audit reports of 183 firms listed in the ISE-Manufacturing Industry Sector were analyzed using a content analysis approach. According to the study results, the main reason for auditors to express modified opinions is the existence of uncertainties that affect the going concern. The fact that loss of capital is a significant part, the current liabilities of the firm exceed its current assets, the firm has problems in fulfilling its liabilities and other legal obligations, the firm has blocks on bank accounts and various assets of the firm are confiscated because of the lawsuit and executions for debt against the firm have led the auditors express modified opinions. Another reason effective in auditor’s expressing modified opinions is the determination that the financial statements include material misstatements. The material misstatements in financial statements are because of the failure of correctly applying some of the provisions in the standards of Inventories (IAS 2), Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8), Income Taxes (IAS 12), Property Plant and Equipment (IAS 16), Separate Financial Statements (IAS 27) and Investment Property (IAS 40). |
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