Audit of State-Owned Enterprises: The Most Relevant Areas of Risk

Olmo Vera, J (Universidad de Zaragoza) ; Brusca Alijarde, I (Universidad de Zaragoza)

Resumen: The aim of this paper is to analyze the most relevant audit risks in state-owned public companies and whether they are influenced by the characteristics of the company or the auditor. For this purpose, the audit reports of the Spanish state-owned enterprises are analyzed and the areas of risk are identified, differentiating between risk at the entity level, which is the risk of a company in general, and the risk at the accounting level, related to elements of financial statements. The results show that these entities mostly present unqualified reports and that the most relevant aspects can be affected by the size, liquidity and economic profitability of the entity, as well as by the fees paid to audit companies.

Idioma: Inglés

DOI: 10.3232/UBR.2021.V18.N2.02

Año: 2021

Publicado en: UCJC business and society review 70 (2021), 84-103
ISSN: 2659-3270

Originalmente disponible en: Texto completo de la revista

Factor impacto SCIMAGO: 0.21 - Economics and Econometrics (Q3) - Business, Management and Accounting (miscellaneous) (Q3)

Tipo y forma: Artículo (Versión definitiva)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)