The Importance of Auditor’s Report

Authors

  • Vera Karadjova Faculty of Tourism and Hospitalty, University “St.Kliment Ohridski” – Bitola, Marksova 133, Ohrid 6000, Republic of North Macedonia
  • Slavica Blazheva Faculty of Tourism and Hospitalty, University “St.Kliment Ohridski” – Bitola, Marksova 133, Ohrid 6000, Republic of North Macedonia
  • Pece Nikolovski Faculty of Economics, University “St.Kliment Ohridski” – Bitola, Marksova 133, Prilep 7500, Republic of North Macedonia
  • Katerina Mircheska Faculty of Economics, University “St.Kliment Ohridski” – Bitola, Marksova 133, Prilep 7500, Republic of North Macedonia
  • Maja Malakovska Faculty of Economics, University “St.Kliment Ohridski” – Bitola, Marksova 133, Prilep 7500, Republic of North Macedonia

Keywords:

financial statements, auditor, auditor’s report, auditor’s opinon

Abstract

Companies and their business operations represent an important segment of the economic system of a country and they could have a significant impact on its further economic growth. Therefore, these companies should have a stable financial structure and be a model of high-quality financial reporting, or else they could greatly impede smooth functioning of other stakeholders on the market. With respect to that, the auditor is expected to provide going concern assessment in his/ her report in order to timely alert any red flags related to this issue. The purpose of this paper is to analyse the solvency level and its impact on the type of auditor’s opinion. The awareness of association between auditor switching and the audit opinion is essential when legislation regarding mandatory audit practice is being done. 

References

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Published

2020-10-04

How to Cite

Karadjova, V. ., Blazheva, S. ., Nikolovski, P. ., Mircheska, K. ., & Malakovska, M. . (2020). The Importance of Auditor’s Report. International Journal of Sciences: Basic and Applied Research (IJSBAR), 54(2), 174–180. Retrieved from https://gssrr.org/index.php/JournalOfBasicAndApplied/article/view/11267

Issue

Vol. 54 No. 2 (2020)

Section

Articles

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