The External Auditor’s Opinions and The Stakeholders’ Purposes; An Empirical Analysis in Sri Lanka
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Date
2014
Journal Title
Journal ISSN
Volume Title
Publisher
University of Kelaniya
Abstract
Our paper specially investigates the Sri Lankan audit opinions and its’ effect to the investors’ decision making. It has been
conducted the market-based model with a sample of thirty one(31) listed manufacturing companies on the Colombo Stock
Exchange; the dependent variable “Stock Return” serve as proxy for Investors’ Decisions and independent variables are
“Audit Opinions” published in Sri Lanka. This research study’s final consequence is robust the notion of the audit opinions
are not informative value to the investors’ decisions.
Description
Keywords
Auditing, Audit Opinions, Stakeholder’s Purposes, Capital Gain Yield, Colombo Stock Market 1
Citation
Wickramasingha, S.R.M and K.G.M Nanayakkara, 2014, The External Auditor’s Opinions and The Stakeholders’ Purposes; An Empirical Analysis in Sri Lanka, In: Proceedings of the 5th International Conference on Business and Information, University of Kelaniya, pp 71-80.