Financial Performance and Auditing Factors Affecting the Form of Audit Opinions of Listed Companies on the Stock Exchange of Thailand
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Abstract
This research aims to examine the financial performance and auditing factors influencing the form of audit opinions of listed companies on the Stock Exchange of Thailand. The research is quantitative. The population and sample are listed companies in 2022, excluding those on the Market for Alternative Investment (MAI), in the financial sector, real estate investment trusts, and undergoing restructuring. 220 samples are selected by stratified sampling. Research data are analyzed using descriptive statistics and inferential statistics, logistic regression analysis at a 0.05 significance level. The results find that financial performance, return on assets (ROA), significantly influences the type of audit opinion. However, audit factors are not found to influence the type of audit opinion. From an academic perspective, the study enhances the understanding of principles and concepts related to financial statement analysis and audit opinion. For practical perspective, users of financial statements should concern financial statement analysis information, content of the auditor's report and financial statement disclosure for making economic decisions.
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