Naslov
Practice of Audit Reporting: Evidence from Croatia

Autori
Filipović, Ivica ; Bartulović, Marijana ; Pocrnjić, Dijana

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Rethinking corporate governance

Urednik/ci
Tipurić, Darko ; Vrdoljak, Raguž, Ivona, Podrug, Najla

Izdavač
Pearson Education

Grad
Harlow

Godina
2014

Raspon stranica
65-71

ISBN
978-1-78273-686-8

Ključne riječi
audit ; audit reporting ; Big Four auditors

Sažetak
Audit report is the main output of the entire audit process and finally the main reason for engagement of auditors. Report informs users of financial statements about audit findings and it can be viewed as a communication tool since through the report auditor transmits his opinion on reality and objectivity of audited financial statements to financial statements users. Audit report is the most transparent and most significant publicly available result of audit process and along with financial statements presents the most significant publicly available source of information about company's operations. The importance of audit reporting is unquestionable and therefore through this paper authors analyzed the practice of audit reporting in the Republic of Croatia. Based on a sample of 140 companies whose shares are listed on Croatian capital market, i.e. on the Zagreb Stock Exchange authors analyzed the types of issued auditor's opinions depending on the company that performed audit (Big four auditor vs. other auditors). The analysis of auditor's reports has revealed that auditors expressed unmodified opinion in most of the analyzed cases, i.e. in 117 cases. Qualified opinion was expressed in 23 cases. Furthermore, authors also analyzed differences in audit reporting with respect to the company that performed audit. Results of conducted research have shown that there are no significant differences in types of reported opinions with respect to the company that conducted the audit.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA