Abstract

ZAMARRA LONDONO, Julián Esteban; GUTIERREZ CASTANEDA, Belky Esperanza  and  PEREZ NORENA, Daniela. Financial information analysis in relation to the audit report from the Latin American Integrated Market (MILA) companies. suma neg. [online]. 2021, vol.12, n.26, pp.64-72.  Epub Oct 26, 2020. ISSN 2215-910X.  https://doi.org/10.14349/sumneg/2021.v12.n26.a7.

In the current enterprise context, the generation of transparent and good-quality financial and non-financial information is fundamental for adequate decision-making. Considering this context, this paper aims at evaluating the relationship between an audit report and the variation of the financial information of the companies who have a participation in the stock exchanges markets of the MILA countries over the period 2012- 2018. A quantitative approach was used in this investigation, using Logit and Probit models. As results, the outlined model predicts, to a great extent, that an auditor’s unqualified opinion translates into financial information variables’ positive behavior. Also, a great correlation between the audit firm, especially if it is a Big Four, and company income was found, which translates into favorable audit reports.

Keywords : Audit report; statistical model; financial variables; MILA; financial information.

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