OVERVIEW: PERKEMBANGAN STANDAR AUDIT YANG RELEVAN DENGAN KEPUTUSAN OPINI GOING CONCERN
Abstract: The financial
distress company, have greater
possibility to accept going concern opinion (Mc. Keown, et al., 1991;
Behn et al., 2001). Going Concern Opinion gives negative signal to the
financial statement user. It shows doubts of the auditor towards the ability of
the company to run the business. Afterward, as the final impacts, the company
will find it difficult to obtain loans (Firth, 1980), decreasing share value
(Jones, 1996) and self fulfilling prophecy effect that causes bankruptcy
(Mutchler, 1984; Hopwood et al., 1989).
Because those impact, it is necessary to understand and appreciate the
improvement of going concern regulation from the early period until the recent
standard. This article explain four auditing standards from the SASs 130 of
APB, SAS 59 of AICPA, SPAP 30 of IAI and
the latest ISA 570 of IFAC. SA Section 341 from SPAP indicate that going
concern is the fundamental assumption for auditor opinion decisions and
management plans play the important role if the auditors have doubt about the
ability of the company to continue going concern.
Key words: financial distress,
going concern opinion, bankruptcy, fundamental assumption, auditor opinion,
management plan
Penulis: Widhy Setyowati
Kode Jurnal: jpakuntansidd090047
