Study and Test the Impact of the Material Weaknesses in the Internal Control Structure on the Revised Auditor's Opinion regarding Going Concern - Evidence from Companies Listed on the Egyptian Stock Exchange

Document Type : Original Article

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Accounting Department Faculty of Commerce Alexandria University Alexandria Egypt

Abstract

The Research aimed to Study and Test the Relationship between the Material Weaknesses in the Internal Control Structure and the Revised Auditor's Opinion regarding Going Concern in the year of issuance of the Financial Statements and the year following them, with application to a Sample of Companies Listed on the Egyptian Stock Exchange. To this end, the Researcher relied on the Multiple Regression Analysis Method for a Sample of (80) Companies from 2017 to 2019.
The Study found an effect of the Material Weaknesses in the Internal Control Structure on the Revised Opinion of the Auditor regarding Going Concern in the test year, and in the year following the test year as well.  all this in light of Modified Variables are: the type of industry and the degree of Materiality of the Assets, and the Control Variables are: Company size and Company age.

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