Are audit opinions related to bankruptcy forecasting of companies listed on the sector a-agriculture, forestry and fisheries?
Abstract
Audit reports and audit opinions are of great importance to transparency and investors in their decision making. In addition to investors, many users are interested in the operation of a company. Due to their numerosity and the numerousness of their claims, it is important to consider the possibility of overseeing the occurrence of bankruptcy. The paper applies Altman's Z-score model for companies operating in emerging markets, that is, the possibility of bankruptcy on a sample of companies listed on the Belgrade Stock Exchange within the A sector-agriculture, forestry and fishery in the period 2016-2018. At the same time, the auditors' opinions are analyzed and whether there is a correlation between the auditors' opinions and the areas in which the companies operate according to the results of Altman's Z-score model. With all the limitations it presents, this paper offers guidance when looking at the relationship between audit opinions and the types of zones in which companies operate..., according to the results of the Z-score model. Through the research done in the paper, questions were raised for future insight and development through the opportunities and specific fields addressed in this paper.
Keywords:
Forestry and fisheries / Audit opinions / Altman's Z -score model / AgricultureSource:
Fresenius Environmental Bulletin, 2020, 29, 11, 9899-9905Publisher:
- Parlar Scientific Publications
Collections
Institution/Community
Fakultet organizacionih naukaTY - JOUR AU - Brown, Andrijana AU - Milašinović, Marko AU - Mitrović, Aleksandra AU - Knežević, Snežana PY - 2020 UR - https://rfos.fon.bg.ac.rs/handle/123456789/2124 AB - Audit reports and audit opinions are of great importance to transparency and investors in their decision making. In addition to investors, many users are interested in the operation of a company. Due to their numerosity and the numerousness of their claims, it is important to consider the possibility of overseeing the occurrence of bankruptcy. The paper applies Altman's Z-score model for companies operating in emerging markets, that is, the possibility of bankruptcy on a sample of companies listed on the Belgrade Stock Exchange within the A sector-agriculture, forestry and fishery in the period 2016-2018. At the same time, the auditors' opinions are analyzed and whether there is a correlation between the auditors' opinions and the areas in which the companies operate according to the results of Altman's Z-score model. With all the limitations it presents, this paper offers guidance when looking at the relationship between audit opinions and the types of zones in which companies operate, according to the results of the Z-score model. Through the research done in the paper, questions were raised for future insight and development through the opportunities and specific fields addressed in this paper. PB - Parlar Scientific Publications T2 - Fresenius Environmental Bulletin T1 - Are audit opinions related to bankruptcy forecasting of companies listed on the sector a-agriculture, forestry and fisheries? EP - 9905 IS - 11 SP - 9899 VL - 29 UR - conv_3649 ER -
@article{ author = "Brown, Andrijana and Milašinović, Marko and Mitrović, Aleksandra and Knežević, Snežana", year = "2020", abstract = "Audit reports and audit opinions are of great importance to transparency and investors in their decision making. In addition to investors, many users are interested in the operation of a company. Due to their numerosity and the numerousness of their claims, it is important to consider the possibility of overseeing the occurrence of bankruptcy. The paper applies Altman's Z-score model for companies operating in emerging markets, that is, the possibility of bankruptcy on a sample of companies listed on the Belgrade Stock Exchange within the A sector-agriculture, forestry and fishery in the period 2016-2018. At the same time, the auditors' opinions are analyzed and whether there is a correlation between the auditors' opinions and the areas in which the companies operate according to the results of Altman's Z-score model. With all the limitations it presents, this paper offers guidance when looking at the relationship between audit opinions and the types of zones in which companies operate, according to the results of the Z-score model. Through the research done in the paper, questions were raised for future insight and development through the opportunities and specific fields addressed in this paper.", publisher = "Parlar Scientific Publications", journal = "Fresenius Environmental Bulletin", title = "Are audit opinions related to bankruptcy forecasting of companies listed on the sector a-agriculture, forestry and fisheries?", pages = "9905-9899", number = "11", volume = "29", url = "conv_3649" }
Brown, A., Milašinović, M., Mitrović, A.,& Knežević, S.. (2020). Are audit opinions related to bankruptcy forecasting of companies listed on the sector a-agriculture, forestry and fisheries?. in Fresenius Environmental Bulletin Parlar Scientific Publications., 29(11), 9899-9905. conv_3649
Brown A, Milašinović M, Mitrović A, Knežević S. Are audit opinions related to bankruptcy forecasting of companies listed on the sector a-agriculture, forestry and fisheries?. in Fresenius Environmental Bulletin. 2020;29(11):9899-9905. conv_3649 .
Brown, Andrijana, Milašinović, Marko, Mitrović, Aleksandra, Knežević, Snežana, "Are audit opinions related to bankruptcy forecasting of companies listed on the sector a-agriculture, forestry and fisheries?" in Fresenius Environmental Bulletin, 29, no. 11 (2020):9899-9905, conv_3649 .