Abstract :

The auditor issued an audit opinion to determine the risk of uncertainty regarding the condition of the company to continue operating where COVID-19 is spreading rapidly. This research aims to look at the influence of liquidity and leverage on audit opinion in the consumer goods sector listed on the Indonesia Stock Exchange in 2020, with profitability as a moderation variable. The research model uses a causal-comparative design and binary logistic regression analysis with secondary data types. 188 consumer goods sector companies listed on the Indonesia Stock Exchange, in 2020, met the criteria for being the research sample. The results of the study showed that liquidity and leverage simultaneously affect audit opinion. Partially, liquidity has no influence on audit opinion, while leverage partially affects audit opinion. Profitability as moderation is able to strengthen the influence of liquidity on opinions but is not able to moderate the influence of leverage on audit opinions. The limitation in this study is that it only selects the company’s internal factors. Further researchers are expected to consider other free variables such as auditor turnover, and opinions submitted by auditors in the previous period, as well as using other sectors such as the real estate property sector. The leverage factor can be used as reference data for auditors to see how the company is able to maintain the condition of the company to avoid bankruptcy in the pandemic.

---

Keywords :

Audit Opinion, COVID-19, leverage, liquidity, profitability

---

References :

1. Abadi, K., Fauzia, Q., & Purba, D. M. (2019). The Impact of Liquidity Ratio, Leverage Ratio, Company Size and Audit Quality on Going Concern Audit Opinion. Jurnal Akuntansi Trisakti, 6(1), 69–82. https://doi.org/10.25105/jat.v6i1.4871
2. Abdurrahman, & Raharjo, N. (2020). Pengaruh Likuiditas, Profitabilitas, Struktur Modal dan Perputaran Piutang terhadap Return Saham. Jurnal Civitas Academica Universitas Esa Unggul, 1(1). https://digilib.esaunggul.ac.id/pengaruh-likuiditas-profitabilitas-struktur-modal-dan-perputaran-piutang-terhadap-return-saham-22038.html
3. Abundanti, N., Triaryati, N., & Widayanti, L. P. (2016). Pengaruh Profitabilitas, Tingkat Pertumbuhan Perusahaan, Likuiditas, Dan Pajak Terhadap Struktur Modal Pada Sektor Pariwisata. E-Jurnal Manajemen Unud, 5(6).
4. Akadiati, V. A. P., & Bangsawan, G. I. (2021). Faktor – Faktor Yang Mempengaruhi Opini Audit Going Concern Pada Perusahaan Manufaktur Dan Perusahaan Non Manufaktur. Prosiding Seminar Nasional Fakultas Ekonomi Universitas Tidar, 1–23.
5. Amin, Muh. Al, & Nuryani, S. (2021). Pengaruh Ukuran Kantor Akuntan Publik, Leverage, dan Likuiditas Terhadap Opini Audit Going Concern. Business and Economics Conference in Utilization of Modern Technology Magelang.
6. Arens, A. A., Beasley, M. S., Elder, R. J., & Hogan, C. E. (2017). Auditing and Assurance Services an Integrated Approach. In Pearson Education, Inc. or its affiliates.
7. Blay, A. D., Louwers, T. J., Sinason, D. H., Strawser, J. R., & Thibodeau, J. C. (2018). Auditing & Assurance Services. In McGraw-Hill Education.
8. Brigham, E. F., & Houston, J. F. (2009). Fundamentals of Financial Management (Concise Sixth Edition). In South-Western, a part of Cengage Learning. www.ichapters.com
9. Brigham, E. F., & Houston, J. F. (2011). Dasar-Dasar Manajemen, Essentials of Financial Management. In Jakarta: Salemba Empat: Vol. Buku 2.
10. Brigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management. In Cengage Learning, Inc.
11. Cooper, D., Franklin Mitchell, & Graybeal, P. (2019). Principles of Accounting, Volume 1: Financial Accounting. In Rice University.
12. Copeland, T. E., & Weston, J. F. (1992). Financial Theory And Corporate Policy. In Addison-Wesley Publishing Company, Inc, USA (5th ed., Vol. 5). Addison-Wesley Publishing Company, Inc, USA.
13. Datrini, L. K., Larasdiputra, G. D., & Yanti, N. K. S. (2021). Pengaruh Profitabilitas, Ukuran Perusahaan, Pertumbuhan Perusahaan Dan Leverage Terhadap Penerimaan Opini Audit Going Concern (Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi di BEI Periode 2017-2019). Jurnal Riset Akuntansi Warmadewa, 2(2), 70–74. https://doi.org/10.22225/jraw.2.2.3364.70-74
14. Dewi, R. R., Prasetyo, R. A., & Chomsatu, Y. (2018). Influence Of The Characteristics Of The Auditor And The Debt Equity Ratio Against The Going Concern (Empirical Study Of Manufactured Company Miscellaneous Sector Listed in Indonesia Stock Exchange Year 2013-2016). The 2nd International Conference on Technology, Education, and Social Science.
15. Drake, P. P., & Fabozzi, F. J. (2009). Finance Capital Markets, Financial Management, and Investment Management. In John Wiley & Sons, Inc.
16. Erlina, Muda, I., & Nasution, D. A. D. (2020). Dampak Pandemi COVID-19 terhadap Perekonomian Indonesia. Jurnal Benefita, 5(2), 212–224. https://doi.org/10.22216/jbe.v5i2.5313
17. Fajriah, R. D. N. (2019). Pengaruh Likuiditas dan Leverag terhadap Opini Audit Going Concern pada Perusahaan Perdagangan, Pelayanan, Investasi Tahun 2018. In Repositori Universitas Negeri Jakarta. http://repository.fe.unj.ac.id/8117/1/Cover.pdf
18. Falefi, R., Purwoko, A., & Susilawati, S. (2020). Impact of COVID-19’s Pandemic on the Economy of Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 3(2), 1147–1156. https://doi.org/10.33258/birci.v3i2.954
19. Firmansyah, A., Syakur, A., & Utama, Y. W. (2021). Opini Audit Going Concern: Sudut Pandang Likuiditas, Leverage, Financial Distress Risk, Tax Risk. Jurnal Al-Iqtishad Edisi, 17(1). https://doi.org/10.24014/jiq.v17i1.12657
20. Gantino, R., & Susanti, H. A. (2019). Perbandingan Pengaruh Profitabilitas, Leverage, dan Ukuran Perusahaan Terhadap Audit Report Lag Pada Perusahaan Food and Beverage & Property and Real Estate Yang Terdaftar Di Bursa Efek Indonesia (BEI). Jurnal Riset Akuntansi Dan Keuangan, 7(3), 601–618. https://doi.org/10.17509/jrak.v7i3.17804
21. Ginting, M. BR. (2020). Pengaruh Likuiditas, Leverage dan Ukuran Perusahaan terhadap Opini Audit Going Concern dengan Profitabilitas sebagai Variabel Moderating pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2009-2018. In Universitas Sumatera Utara Medan.
22. Gitman, L. J., & Zutter, C. J. (2019). Principles of Managerial Finance Fourteenth Edition. Pearson Education Limited, 119–124. www.pearsonmylab.com.
23. Gunawan, F. H. (2021). Perbandingan Kinerja Keuangan Perusahaan Sektor Makanan Dan Minuman Sebelum Covid-19 Dan Pada Masa Covid-19. Media Akuntansi Dan Perpajakan Indonesia, 3, 19–36.
24. Gunawan, K. S., Kepramareni, P., & Yuesti, A. (2019). Going Concern Audit Opinion and Corporate Governance in Manufacturing Companies Listed on BEI. International Journal of Sustainability, Education, and Global Creative Economic, 2(3). https://doi.org/10.1234/ijsegce.v2i3.118
25. Hardi, Hariyani, E., Putra, A. A., & Wiguna, M. (2020). Opinion Shopping, Prior Opinion, Audit Quality, Financial Condition, and Going Concern Opinion. Journal of Asian Finance, Economics and Business, 7(11), 169–176. https://doi.org/10.13106/jafeb.2020.vol7.no11.169
26. Hendarjatno, & Simamora, R. A. (2019). The Effects of Audit Client Tenure, Audit Lag, Opinion Shopping, Liquidity Ratio, and Leverage to The Going Concern Audit Opinion. Asian Journal of Accounting Research, 4(1), 145–156. https://doi.org/10.1108/ajar-05-2019-0038
27. Hermanto, & Kurniasih, N. (2020). Pengaruh Sales Growth, Leverage, Kualitas Audit dan Ukuran Perusahaan terhadap Penghindaran Pajak. Jurnal Civitas Academica Universitas Esa Unggul, 1(1). https://jca.esaunggul.ac.id/index.php/jeco/article/view/63
28. Himam, M. F., & Masitoh, E. (2020). The Effect of Audit Quality, Liquidity, Solvability, and Profitability on Audit Going Concern Opinion. Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi, 4(1). https://doi.org/10.36555/jasa.v4i1.1112
29. Horne, J. C. v., & Wachowicz, J. M. (2008). Fundamentals of Financial Management. In Pearson Education Limited: Vol. 13th Edition. www.pearsoned.co.uk/wachowicz
30. Kacaribu, F. N. (2021). Tinjauan Ekonomi, Keuangan, & Fiskal, Kebijakan Fiskal Mendukung Pemulihan. Badan Kebijakan Fiskal, 3.
31. Kurniawan, R., & Prajanto, A. (2021). Implikasi Kondisi Keuangan dan Keberlangsungan Usaha pada Masa Pandemi COVID-19 (Studi Kasus Perusahaan Retail Tahun 2020). Jurnal Akuntansi, Keuangan Dan Auditing, 21–29.
32. Kusumo, R. (2021). Efek Pandemi Ini Alasan OJK Perpanjang Restrukturisasi Kredit Maret 2022. CNBC Indonesia. https://www.cnbcindonesia.com/market/20210226142659-17-226412/ini-alasan-ojk-perpanjang-restrukturisasi-kredit-maret-2022
33. Oktavia, E. (2021). Pengaruh Likuiditas Dan Investment Opportunity Set (Ios) Terhadap Leverage Pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Pundi, 05(01). https://doi.org/10.31575/jp.v5i1.338
34. Priyono, A. (2018). Analisis Faktor yang Mempengaruhi Penerimaan Opini Audit Going Concern. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 13(1), 31–54. https://doi.org/10.25105/jipak.v13i1.5150
35. Putri, S. W., & Ramadhan, Y. (2020). Pengaruh Kebijakan Dividen, Leverage, Ukuran Perusahaan, dan Kepemilikan Manajerial terhadap Nilai Perusahaan. Jurnal Civitas Academica Universitas Esa Unggul, 1(1).
36. Rabbani, I., & Zulaikha. (2021). Analisis Pengaruh Audit Tenure, Audit Lag, Opinion Shopping, Liquidity, Leverage dan Debt Default terhadap Pengungkapan Opini Audit Going Concern. Diponegoro Journal of Accounting, 10(2), 1–15. https://ejournal3.undip.ac.id/index.php/accounting/article/view/31039
37. Rahman, H. A. (2020). Penerimaan Opini Audit Going Concern Berdasarkan Leverage dan Financial Distress. Jurnal Ekonomi : Journal of Economic, 11(1). https://doi.org/10.47007/jeko.v11i1.2962
38. Ramadhani, F. T., & Sulistyowati, W. A. (2020). Detection of Going Concern Audit Opinion Based on Disclosure, Financial Condition and Opinion Shopping. Jurnal Ilmiah Akuntansi Universitas Pamulang, 8(1). https://doi.org/10.32493/jiaup.v8i1.3563
39. Sari, P. C. (2020). Pengaruh Audit Lag, Profitabilitas Dan Likuiditas Terhadap Opini Audit Going Concern Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Riset Akuntansi Warmadewa, 1(1), 1–7. https://doi.org/10.22225/jraw.1.1.1509.1-7
40. Setiakusuma, C. K. A., & Suryani, E. (2018). The Influence of Liquidity, Leverage and Growth Company on Acceptance of Audit Opinion Going Concern. E-Proceeding of Management, 5(2), 2270–2277.
41. Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355–374.
42. Syahzuni, B. A. (2019). Pengaruh Profitabilitas dan Risiko Keuangan Terhadap Kualitas Laporan Keuangan Serta Nilai Perusahaan pada Perusahaan Food and Beverage yang Terdapat di BEI Tahun 2013 – 2017. Jurnal Ekonomi : Journal of Economic, 10 No. 2.
43. Timothea, V. (2021). Pengaruh Likuiditas, Kinerja Keuangan, Ukuran Perusahaan, Leverage, dan Perubahan Penjualan Terhadap Opini Audit Going Concern. Universitas Multimedia Nusantara, 37–50.
44. Ulfira, B. (2017). Pengaruh Likuiditas, Leverage dan Arus Kas terhadap Penerimaan Opini Audit Going Concern dengan Profitabilitas sebagai Variabel Moderating (Studi Empiris Pada Perusahaan LQ 45 Yang Terdaftar di BEI). In UIN Alauddin Makassar.
45. Zurachman, F. I. (2021). Analisis Faktor-Faktor yang Mempengaruhi Kecenderungan Penerimaan Opini Audit Going Concern. Jurnal IKRA-ITH Ekonomika, 4(2). https://doi.org/10.37817/ikraith-ekonomika.v4i2.1028