Does Size Matter? Examining the Role of Firm Size in the Relationship Between Previous Audit Opinions and Going Concern Audit Quality
Keywords:
Company Size; Solvency; Profitability; Audit Firm Size
Abstract
This study investigates the influence of company size, solvency, and profitability on going-concern audit opinions and examines the moderating role of audit firm size. Data from 72 firm-year observations of manufacturing companies listed on the Indonesia Stock Exchange (2022–2024) were analyzed using logistic regression. The results show that company size has a significant negative effect on going-concern audit opinions, while solvency and profitability do not have significant direct effects. However, audit firm size significantly strengthens the relationship between profitability, solvency, and company size with going-concern opinions. The findings confirm that auditors’ judgments are influenced not only by financial performance but also by auditor capacity and independence. This study contributes to the audit quality literature by integrating firm-specific and auditor-specific determinants of going-concern evaluations in emerging markets.
References
Albab, F. N. U., Chairani, Y., & Indriastuti, M. (2024). Audit Quality, Firm Size, and Leverage as Determinants of Going Concern Opinions: Evidence from the Financial Sector (2018–2022). E-Jurnal Akuntansi, 34(11). https://doi.org/10.24843/eja.2024.v34.i11.p16
Budiantoro, H., Nathania, F. A., & Lapae, K. (2022). Pengaruh Ukuran Perusahaan, Opini Audit Tahun Sebelumnya, Debt Default dan Opinion Shopping Terhadap Opini Audit Going Concern. Owner, 6(3), 3251–3260. https://doi.org/10.33395/owner.v6i3.1043
Deangelo, L. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183–199. https://doi.org/10.1016/0165-4101(81)90002-1
Dewa, M. J., Ardini, L., Bambang, S., Tinggi, S., Ekonomi, I., & Surabaya, I. (2025). Financial Distress and Abnormal Operating Cash Flows: Firm-Size Moderation of Auditor Going-Concern Opinions. E-Jurnal Akuntansi, 35(6). https://doi.org/10.24843/eja.2025.v35.i06.p03
Djunaedi, B. S. A., Manurung, F. D. M., Julyane, Tomy, Regina, T., & Maratno, S. F. E. (2022). The Effect of Company Size, Company Profitability, Previous Audit Opinion, and Kap Size as A Determiner of Going Concern Audit Opinions (Empirical Study on Non-Financial Services Companies Listed on The Indonesia Stock Exchange). Journal of Sosial Science. https://doi.org/10.46799/jss.v3i2.309
Dzikri, M. M. (2025). The Effect of Company Size, Solvency and Profitability on Audit Opinions Related to Going Concern in Energy Subsector Manufacturing Companies. Jurnal Indonesia Sosial Sains, 6(4), 1260–1269. https://doi.org/10.59141/jiss.v6i4.1613
Foroghi, D. (2012). Audit Firm Size and Going-Concern Reporting Accuracy. https://consensus.app/papers/audit-firm-size-and-goingconcern-reporting-accuracy-foroghi/5234d01f08375651826001f17255210d/
Geiger, M., & Rama, D. (2006). Audit Firm Size and Going‐Concern Reporting Accuracy. Accounting Horizons, 20(1), 1–17. https://doi.org/10.2308/acch.2006.20.1.1
Haalisa, S. N., & Inayati, N. (2021). PENGARUH UKURAN PERUSAHAAN, AUDIT TENURE, KUALITAS AUDIT, DAN AUDIT REPORT LAG TERHADAP OPINI AUDIT GOING CONCERN. Review of Applied Accounting Research (RAAR), 1(1), 25–36. https://doi.org/10.30595/raar.v1i1.11721
Hartanto, M. C., Prajanto, A., & Nurcahyono, N. (2023). Determinants of going-concern audit opinions: Empirical evidence from listed mining firms in Indonesia. MAKSIMUM, 13(1). https://doi.org/10.26714/mki.13.1.2023.17-27
Meiviandra, B. H., Angkat, T., Sinaga, W., Zain, J., & Syahputra, O. (2023). DETERMINANTS OF GOING CONCERN AUDIT OPINIONS IN REAL ESTATE AND PROPERTY COMPANIES LISTED ON THE IDX. International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC), 1(6), 836–844. https://doi.org/10.61990/ijamesc.v1i6.104
Nadzif, N., & Durya, N. P. M. A. (2022). Pengaruh Kualitas Audit, Debt Ratio, Ukuran Perusahaan, Audit Lag Terhadap Opini Audit Going Concern. Inovatif: Jurnal Ekonomi, Manajemen, Akuntansi, Bisnis Digital Dan Kewirausahaan. https://doi.org/10.55983/inov.v1i2.118
Rafi, A. A., Nasrizal, N., & Humairoh, F. (2024). Pengaruh Audit Tenure, Ukuran KAP dan Ukuran Perusahaan terhadap Opini Going Concern. Studi Akuntansi, Keuangan, Dan Manajemen, 3(2), 119–129. https://doi.org/10.35912/sakman.v3i2.2815
Rizal, N. (2022). Previous Audit Opinions, Leverage, and Company Size on Going Concern Audit Opinions. Wiga : Jurnal Penelitian Ilmu Ekonomi, 12(2), 85–92. https://doi.org/10.30741/wiga.v12i2.796
Saputra, F., Ali, H., & Hermawan, E. (2023). The Influence of Company Growth, Company Size, Audit Quality, Previous Year’s Audit Opinion, and Leverage on Acceptance of Going Concern Audit Opinions in Banking Companies Registered on the IDX. Dinasti Accounting Review, 1(1), 24–32. https://doi.org/10.38035/dar.v1i1.249
Simorangkir, E. N., Wijaya, D., Ganily, F., & Angelina. (2023). INFLUENCE SIZE COMPANY, QUALITY AUDIT, GOOD CORPORATE GOVERNANCE AND LIQUIDITY TO OPINION AUDIT GOING CONCERN COMPANY GOODS CONSUMPTION REGISTERED IN BEI YEAR 2019-2021. International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC), 1(5), 706–714. https://doi.org/10.61990/ijamesc.v1i5.93
Tran, T. T. G., Pham, Q. T., Tran, T. T. P., & Bui, T. T. H. (2025). The Impact of Audit Firm Size on Audit Quality—An Empirical Study of The Vietnamese Stock Market. SAGE Open, 15(2). https://doi.org/10.1177/21582440251336005
Triani, N. N. A., & Yanthi, M. (2020). The Effect of Audit Firms Size, Leverage, Going Concern Opinion, Audit Tenure, on Audit Quality in Indonesia. Proceedings of the 23rd Asian Forum of Business Education(AFBE 2019). https://doi.org/10.2991/aebmr.k.200606.044
Widyastuti, A., & Efrianti, D. (2021). Pengaruh Ukuran Perusahaan, Pertumbuhan Perusahaan, dan Opini Audit Tahun Sebelumnya Terhadap Opini Audit Going Concern. Jurnal Ilmiah Akuntansi Kesatuan. https://doi.org/10.37641/jiakes.v9i3.1212
Budiantoro, H., Nathania, F. A., & Lapae, K. (2022). Pengaruh Ukuran Perusahaan, Opini Audit Tahun Sebelumnya, Debt Default dan Opinion Shopping Terhadap Opini Audit Going Concern. Owner, 6(3), 3251–3260. https://doi.org/10.33395/owner.v6i3.1043
Deangelo, L. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183–199. https://doi.org/10.1016/0165-4101(81)90002-1
Dewa, M. J., Ardini, L., Bambang, S., Tinggi, S., Ekonomi, I., & Surabaya, I. (2025). Financial Distress and Abnormal Operating Cash Flows: Firm-Size Moderation of Auditor Going-Concern Opinions. E-Jurnal Akuntansi, 35(6). https://doi.org/10.24843/eja.2025.v35.i06.p03
Djunaedi, B. S. A., Manurung, F. D. M., Julyane, Tomy, Regina, T., & Maratno, S. F. E. (2022). The Effect of Company Size, Company Profitability, Previous Audit Opinion, and Kap Size as A Determiner of Going Concern Audit Opinions (Empirical Study on Non-Financial Services Companies Listed on The Indonesia Stock Exchange). Journal of Sosial Science. https://doi.org/10.46799/jss.v3i2.309
Dzikri, M. M. (2025). The Effect of Company Size, Solvency and Profitability on Audit Opinions Related to Going Concern in Energy Subsector Manufacturing Companies. Jurnal Indonesia Sosial Sains, 6(4), 1260–1269. https://doi.org/10.59141/jiss.v6i4.1613
Foroghi, D. (2012). Audit Firm Size and Going-Concern Reporting Accuracy. https://consensus.app/papers/audit-firm-size-and-goingconcern-reporting-accuracy-foroghi/5234d01f08375651826001f17255210d/
Geiger, M., & Rama, D. (2006). Audit Firm Size and Going‐Concern Reporting Accuracy. Accounting Horizons, 20(1), 1–17. https://doi.org/10.2308/acch.2006.20.1.1
Haalisa, S. N., & Inayati, N. (2021). PENGARUH UKURAN PERUSAHAAN, AUDIT TENURE, KUALITAS AUDIT, DAN AUDIT REPORT LAG TERHADAP OPINI AUDIT GOING CONCERN. Review of Applied Accounting Research (RAAR), 1(1), 25–36. https://doi.org/10.30595/raar.v1i1.11721
Hartanto, M. C., Prajanto, A., & Nurcahyono, N. (2023). Determinants of going-concern audit opinions: Empirical evidence from listed mining firms in Indonesia. MAKSIMUM, 13(1). https://doi.org/10.26714/mki.13.1.2023.17-27
Meiviandra, B. H., Angkat, T., Sinaga, W., Zain, J., & Syahputra, O. (2023). DETERMINANTS OF GOING CONCERN AUDIT OPINIONS IN REAL ESTATE AND PROPERTY COMPANIES LISTED ON THE IDX. International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC), 1(6), 836–844. https://doi.org/10.61990/ijamesc.v1i6.104
Nadzif, N., & Durya, N. P. M. A. (2022). Pengaruh Kualitas Audit, Debt Ratio, Ukuran Perusahaan, Audit Lag Terhadap Opini Audit Going Concern. Inovatif: Jurnal Ekonomi, Manajemen, Akuntansi, Bisnis Digital Dan Kewirausahaan. https://doi.org/10.55983/inov.v1i2.118
Rafi, A. A., Nasrizal, N., & Humairoh, F. (2024). Pengaruh Audit Tenure, Ukuran KAP dan Ukuran Perusahaan terhadap Opini Going Concern. Studi Akuntansi, Keuangan, Dan Manajemen, 3(2), 119–129. https://doi.org/10.35912/sakman.v3i2.2815
Rizal, N. (2022). Previous Audit Opinions, Leverage, and Company Size on Going Concern Audit Opinions. Wiga : Jurnal Penelitian Ilmu Ekonomi, 12(2), 85–92. https://doi.org/10.30741/wiga.v12i2.796
Saputra, F., Ali, H., & Hermawan, E. (2023). The Influence of Company Growth, Company Size, Audit Quality, Previous Year’s Audit Opinion, and Leverage on Acceptance of Going Concern Audit Opinions in Banking Companies Registered on the IDX. Dinasti Accounting Review, 1(1), 24–32. https://doi.org/10.38035/dar.v1i1.249
Simorangkir, E. N., Wijaya, D., Ganily, F., & Angelina. (2023). INFLUENCE SIZE COMPANY, QUALITY AUDIT, GOOD CORPORATE GOVERNANCE AND LIQUIDITY TO OPINION AUDIT GOING CONCERN COMPANY GOODS CONSUMPTION REGISTERED IN BEI YEAR 2019-2021. International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC), 1(5), 706–714. https://doi.org/10.61990/ijamesc.v1i5.93
Tran, T. T. G., Pham, Q. T., Tran, T. T. P., & Bui, T. T. H. (2025). The Impact of Audit Firm Size on Audit Quality—An Empirical Study of The Vietnamese Stock Market. SAGE Open, 15(2). https://doi.org/10.1177/21582440251336005
Triani, N. N. A., & Yanthi, M. (2020). The Effect of Audit Firms Size, Leverage, Going Concern Opinion, Audit Tenure, on Audit Quality in Indonesia. Proceedings of the 23rd Asian Forum of Business Education(AFBE 2019). https://doi.org/10.2991/aebmr.k.200606.044
Widyastuti, A., & Efrianti, D. (2021). Pengaruh Ukuran Perusahaan, Pertumbuhan Perusahaan, dan Opini Audit Tahun Sebelumnya Terhadap Opini Audit Going Concern. Jurnal Ilmiah Akuntansi Kesatuan. https://doi.org/10.37641/jiakes.v9i3.1212
Published
2026-02-03
How to Cite
Triwibowo, E., Bukhori Muslim, A., & Agil Aditya Putra, A. (2026). Does Size Matter? Examining the Role of Firm Size in the Relationship Between Previous Audit Opinions and Going Concern Audit Quality . Jurnal Akuntansi Bisnis Pelita Bangsa, 10(02), 228-240. https://doi.org/10.37366/akubis.v10i2.3118
Section
Articles
Journal Template (Indonesia) 
.png){kind=logo}
