The Use of Audit Opinion in Estimating the Financial Reporting Transparency Level
Information presented to stakeholders through a system of standardized indicators and transparency in financial reporting are the basis in the decision-making process for a sustainable development of the companies. The purpose of this study is to analyze and assess the transparency in financial...
| Format: | Article |
|---|---|
| Language: | English |
| Published: |
Chamber of Financial Auditors of Romania
2019-02-01
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| Series: | Audit Financiar |
| Subjects: | |
| Online Access: |
http://revista.cafr.ro/temp/Article_9601.pdf
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| _version_ | 1818962631312015360 |
|---|---|
| collection | DOAJ |
| description | Information presented to stakeholders through a system
of standardized indicators and transparency in financial
reporting are the basis in the decision-making process
for a sustainable development of the companies. The
purpose of this study is to analyze and assess the
transparency in financial reporting, assessed based on
the audit opinion, and the influence of determinant
factors on transparency, using logistic regression. The
determinant factors are expressed by principal
dimensions of financial statements identified through the
Principal Component Analysis applied on the indicators
of position and performance. The observed sample
consists of 62 companies listed on Bucharest Stock
Exchange during the period 2011-2016. The main
results reveal the existence of three principal
components of the financial statements, Cash flow
component, Return component and Current assets
structure component; among these dimensions, only the
return component has significant influence on
transparency in financial reporting assess through the
audit opinion. |
| first_indexed | 2024-12-20T12:32:23Z |
| format | Article |
| id | doaj.art-4ff377e5b98b44a5b036e53f7ea78de2 |
| institution | Directory Open Access Journal |
| issn | 1844-8801 |
| language | English |
| last_indexed | 2024-12-20T12:32:23Z |
| publishDate | 2019-02-01 |
| publisher | Chamber of Financial Auditors of Romania |
| record_format | Article |
| series | Audit Financiar |
| spelling | doaj.art-4ff377e5b98b44a5b036e53f7ea78de22022-12-21T19:40:42ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012019-02-0117153799210.20869/AUDITF/2019/153/799601The Use of Audit Opinion in Estimating the Financial Reporting Transparency LevelInformation presented to stakeholders through a system of standardized indicators and transparency in financial reporting are the basis in the decision-making process for a sustainable development of the companies. The purpose of this study is to analyze and assess the transparency in financial reporting, assessed based on the audit opinion, and the influence of determinant factors on transparency, using logistic regression. The determinant factors are expressed by principal dimensions of financial statements identified through the Principal Component Analysis applied on the indicators of position and performance. The observed sample consists of 62 companies listed on Bucharest Stock Exchange during the period 2011-2016. The main results reveal the existence of three principal components of the financial statements, Cash flow component, Return component and Current assets structure component; among these dimensions, only the return component has significant influence on transparency in financial reporting assess through the audit opinion. http://revista.cafr.ro/temp/Article_9601.pdf sustainable developmenttransparency financial reportingaudit opinionprincipal component analysislogistic regression |
| spellingShingle | The Use of Audit Opinion in Estimating the Financial Reporting Transparency Level Audit Financiar sustainable development transparency financial reporting audit opinion principal component analysis logistic regression |
| title | The Use of Audit Opinion in Estimating the Financial Reporting Transparency Level |
| title_full | The Use of Audit Opinion in Estimating the Financial Reporting Transparency Level |
| title_fullStr | The Use of Audit Opinion in Estimating the Financial Reporting Transparency Level |
| title_full_unstemmed | The Use of Audit Opinion in Estimating the Financial Reporting Transparency Level |
| title_short | The Use of Audit Opinion in Estimating the Financial Reporting Transparency Level |
| title_sort | use of audit opinion in estimating the financial reporting transparency level |
| topic | sustainable development transparency financial reporting audit opinion principal component analysis logistic regression |
| url |
http://revista.cafr.ro/temp/Article_9601.pdf
|