Commercial Risk’s Analysts do React to Qualified Audit Reports?: An Empirical Study
María Consuelo Pucheta Martínez
Antonio Vico Martínez
This paper presents an empirical study of the degree to which audit reports provide information relevant to the evaluation of the companies’ commercial risk. To this end, an experimental study has been conducted based on a survey of 74 commercial risk analysts employed in Spanish companies. The results indicate that the type of audit report (unqualified or qualified) does have an influence on commercial decisions taken by risk analysts. In particular, there are differences between an unqualified and qualified audit report if we analyze the following decisions: when commercial risk analysts decide to begin commercial relationships with another company, when they evaluate the risk of the commercial operation, when they demand additional guarantees beyond the normal, and when they must decide the amount of commercial credit to grant to the possible client. On the contrary, the results have shown that the nature of the qualifications relatively affects to these decisions.
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