The Effect of Qualified Auditors' Opinions on Share Prices

Download or read book The Effect of Qualified Auditors' Opinions on Share Prices written by Akari Salim and published by . This book was released on 2016 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audit plays a key role in the process of communication between the company and users of financial statements. Theoretically, the relevance of the audit report where the auditor decides to issue an audit report is clear. This is because considerable evidence supports simultaneous or delayed correlation between earnings announcements and changes in stock prices (Ball and Brown, 1968).This study aims to investigate the effect of qualified audit reports on share prices and the returns in Tunisia. A market-based study conducted on the qualified audit reports of the shareholding companies in Tunisia during the period 2010-2012. The conclusions of the study showed that there is no clear or significant effect of a qualified audit opinion on share prices and returns.