Trusting/distrusting auditors' opinion

Rodgers, Waymond.; Guiral, Andrés.; Gonzalo, Jose A.

doi:10.3390/su11061666

Authors

Professor Wayne Rodgers W.Rodgers@hull.ac.uk
Chair Professor of Accounting

Andrés Guiral andres.guiral@yonsei.ac.kr5.josea.gonzalo@uah.es

Jose A Gonzalo

Abstract

Trust relations are essential for effective interchanges in the financial markets. Investors 9 (trustors), as well as other market participants, can only trust financial markets if they trust their 10 auditors (trustees). Especially, auditors' assessment on the client's financial condition and its 11 ability to continue as a going concern is paramount to improving social capital and maintaining 12 sustainable financial markets. Research shows that a going concern opinion may have immediate 13 consequences for both the auditing profession and financial statement users. We utilize the 14 Throughput Model to illustrate how different trust positions are aligned with a particular 15 auditor's decision-making pathway to enhance trust, distrust or no trust from the point of view of 16 investors' and creditors'.

Journal Article Type	Article
Publication Date	Mar 19, 2019
Print ISSN	0001-4788
Publisher	Taylor & Francis (Routledge)
Peer Reviewed	Peer Reviewed
Volume	11
Issue	6
Article Number	1666
Institution Citation	Rodgers, W., Guiral, A., & Gonzalo, J. A. (2019). Trusting/distrusting auditors' opinion. Accounting and business research, 11(6), https://doi.org/10.3390/su11061666
DOI	https://doi.org/10.3390/su11061666
Keywords	Trust; Social capital; Audit report; Sustainable financial markets
Publisher URL	https://www.mdpi.com/2071-1050/11/6/1666

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).