| Summary: | 碩士 === 國立高雄應用科技大學 === 會計系碩士在職專班 === 104 === The study collects companies’ financial data and auditors’ data of publicly traded companies listed in Taiwan Stock Exchange and Gre-Tai Securities Market in Taiwan from year 2010 to 2014. I incorporate accounting manager turnover into regression model to examine whether accounting manager turnover has a moderating effect on the relationship between financial leverage and going concern opinions. Moreover, I divide the audit clients into companies of potential financial distress and healthy companies and examine whether accounting manager turnover also has a moderating effect on the relationship between financial distress and going concern opinions.
The empirical results show that financial leverage is positively associated with going concern opinions, representing that CPAs are more likely to issue going concern opinion when audit clients have higher financial leverage. Beside, financial distress is positively associated with going concern opinions, representing that audit clients with potential financial distress are more likely to receive going concern opinion issued by CPAs. I also find the coefficient of interaction between financial distress and accounting manager turnover is significantly negative, which implies accounting manager turnover may have a moderating effect on the relationship between financial distress and going concern opinions.
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