FACTORS AFFECTING THE AUDITOR OPINION IN AUDIT OF FINANCIAL STATEMENTS - CASE STUDY AT COMPANIES LISTED ON HANOI STOCK EXCHANGE

Abstract

The study of audit opinions and factors affecting the opinion of independent auditors on the financial
statements of listed companies in general and companies listed on the Hanoi Stock Exchange, in particular, has
important implications not only for auditors but also for related parties in the use of audit results. With the desire to
find out the factors affecting the formation of audit opinions on financial statements, through the research process
of data collected from 325 enterprises listed on the Hanoi Stock Exchange (HNX) in the period 2019 - 2021, the
authors have found out the really meaningful variables in distinguishing audit opinions to include in the predictive
model. The results of the logistic binary analysis model have five factors that have a significant influence on the audit
opinion: the previous year's audit opinion (PO), the average return on total assets (X5), the listing time group (TIME),
the EBIT interest rate (X3) and the ratio of provision for doubtful receivables to total receivables (X9). These will be
factors to consider when forming audit opinions and using audit opinions for the parties.