Análisis de la información financiera en torno al informe del auditor de las empresas del MILA

In the current enterprise context, the generation of transparent and good-quality financial and non-financial information is fundamental for adequate decision-making. Considering this context, this paper aims at evaluating the relationship between an audit report and the variation of the financial i...

Full description

Saved in:
Bibliographic Details
Published inSuma de negocios Vol. 12; no. 26; pp. 64 - 72
Main Authors Zamarra Londoño, Julián Esteban, Gutiérrez Castañeda, Belky Esperanza, Pérez Noreña, Daniela
Format Journal Article
LanguageEnglish
Published Konrad Lorenz Fundación Universitaria 19.12.2021
Subjects
audit report
dictamen de auditoría
financial information
financial variables
información financiera
mila
modelos probabilísticos
statistical model
variables financieras
Online AccessGet full text

Cover

More Information
Summary:In the current enterprise context, the generation of transparent and good-quality financial and non-financial information is fundamental for adequate decision-making. Considering this context, this paper aims at evaluating the relationship between an audit report and the variation of the financial information of the companies who have a participation in the stock exchanges markets of the MILA countries over the period 2012- 2018. A quantitative approach was used in this investigation, using Logit and Probit models. As results, the outlined model predicts, to a great extent, that an auditor’s unqualified opinion translates into financial information variables’ positive behavior. Also, a great correlation between the audit firm, especially if it is a Big Four, and company income was found, which translates into favorable audit reports.
ISSN:2215-910X
2215-910X
DOI:10.14349/sumneg/2021.V12.N26.A7