Business Continuity, Business Crisis and Evolution of the Auditors’ Opinion

Maurizio Rija () and Dominga Anna Ippolito ()
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Maurizio Rija: University of Calabria
Dominga Anna Ippolito: University of Calabria

A chapter in Eurasian Business and Economics Perspectives, 2023, pp 203-217 from Springer

Abstract: Abstract. The purpose of the work is to evaluate the assumption in the context of the auditing process of the financial statements. Through statistical investigation methods, the research work aims to analyze the evolution of the opinion expressed by the auditor within the report, with the aim of highlighting the level of investigation emerging from the value assumed by the chosen model and the audit opinion expressed. The study aims to apply Altman’s Z-score model to the financial statements of a sample of companies listed on the Italian stock exchange in the period from 2015 to 2020. The selected sample is part of the gray list and the black list communicated by Consob in 2020. The analysis was conducted with the aim of highlighting how much the economic-financial indicators and the Z-score forecasting model of the corporate crisis introduced by Altman can support the underlying assumptions: the auditor’s opinion on the going concern assumption and whether there is a correlation between them. The results obtained allow what they certify: the indicators that most support the auditing activity in assessing the company’s ability to operate as an operating entity, in the next 12 months, validating the opinions expressed.

Keywords: Statutory audit; Business continuity; Business crisis; Listed company (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-30061-5_13

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DOI: 10.1007/978-3-031-30061-5_13

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