Audit opinion and earnings managementEvidence from Greece 审计意见与盈余管理：来自希腊的证据.pdfVIP

Accounting Forum 38 (2014) 38–54 Contents lists available at ScienceDirect Accounting Forum j o u r n a l h o m e p a g e : w w w . el sevier.c om/ locate /accfor Audit opinion and earnings management: Evidence from Greece Maria Tsipouridou a,1, Charalambos Spathis b,∗ a University of Exeter Business School, Streatham Court, Rennes Drive, EX4 4PU Exeter, UK b Aristotle University of Thessaloniki, Department of Economics, Division of Business Administration, 54124 Thessaloniki, Greece a r t i c l e i n f o a b s t r a c t Article history: This study examines the relationship between audit opinions and earnings management, Received 24 July 2012 as measured by discretionary accruals, for listed firms on the Athens Stock Exchange (ASE). Received in revised form 10 June 2013 We divide the qualified audit opinions into two categories: qualified for the going-concern Accepted 13 September 2013 uncertainty and qualified for other reasons. The results indicate that audit opinions are not related to earnings management. Client financial characteristics, such as profitability and Keywords: size are determinants of the going-concern audit opinion decision. The decision of auditors Audit opinion Going-concern uncertainty to issue qualified opinions for other reasons is explained by the type of audit opinion issued Discretionary accruals in the previous year. IFRS context