An analysis of the factors influencing the audit opinion of cities in the Philippines during the COVID-19 pandemic

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ID: 284585
2022
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Abstract
The COVID-19 virus outbreak has led to an unprecedented challenge to the world because of its adverse impacts on humanity. Due to its alarming effects, local government units are receiving more funds than usual to combat the negative effects of the pandemic and protect the citizens of the country. Thus, it is crucial for the financial statements of the government to be audited properly. Auditors play an important role in auditing since their issued audit opinions will serve as the basis for stakeholders' decision-making. The public can also determine whether the funds are properly used for the welfare of the people. Consequently, audit opinion may be affected by several factors. This study, therefore, aims to determine factors that may influence the opinion of auditors during the pandemic. To achieve this, a sample of 104 cities was used and ordinal logistic regression was utilized to statistically examine the gathered data. The results showed that the independent variables have no influence on the type of audit opinion individually. As a whole, the independent variables influence the type of audit opinion regardless of whether the effect of COVID-19-related disclosures was considered. To support the results, three auditors and two accountants shared their insights and agreed with the results, except for compliance with government accounting standards, which they deemed influenced the audit opinion. The differences among the related literature, results of this study, and insights from interviews can be associated with leadership, creating the Underlying Influence Theory, which affects the conduct and results of an audit.
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Authors Valera, Irish Giorgia Cuento
Journal Malay Journal
Year 2022
DOI
DOI not found
URL
https://animorepository.dlsu.edu.ph/etdb_acc/20
Keywords Keywords not found

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