An Empirical Investigation of Determinants of Audit Reports in the UK
使用多项逻辑回归模型，分析英国各类公司（包括私营和上市公司）审计报告中持续经营问题与非持续经营问题相关修改的决定因素，发现不同修改类型的影响因素存在差异。
Prior studies of audit reporting in the UK only analyse either very small, private companies, or large listed companies. In addition, these studies focus on narrowly defined types of modified audit reports, respectively the ‘small company’ audit qualification, and going‐concern related modifications. In contrast, this paper employs a multinomial logit model to analyse the determinants of both going‐concern and non going‐concern related audit modifications, including modifications for disagreements and limitations on scope. Furthermore, this paper analyses reports over a wide range of both private and public (listed and non‐listed) companies. The determinants of audit reports are shown to differ between different types of audit modification. In addition, subsidiary companies hiring large auditors are significantly less likely to receive non going‐concern related modifications, whereas non‐subsidiary companies hiring large auditors are significantly more likely to receive going‐concern related modifications.