PENGARUH LAPORAN AUDIT WAJAR TANPA PENGECUALIAN DENGAN PARAGRAF PENJELASAN DAN LAPORAN AUDIT WAJAR DENGAN PENGECUALIAN TERHADAP ABNORMAL RETURN (Studi Empiris Pada Perusahaan Yang Terdaftar Di BEI)

Abstract

Audit report is the medium of communication between auditors and the users of financial statements. Audit report must be objective, understandable, and relevant. The relevant audit report is the audit report has information content that can influence the decision making. This study aims to analyze the effect of unqualified audit report with explanatory paragraph and qualified audit report on abnormal return. This study aims to examine the information content of unqualified audit report with explanatory paragraph and qualified audit report. The research was done by using event study method, by using t-test. The sample were companies that have unqualified audit report with explanatory paragraph and qualified audit report that listed in Indonesia Stock Exchange in the period 2004-2009. The results showed that the announcement of unqualified audit report with explanatory paragraph and qualified audit report did not significantly affect the abnormal return. Thus, it can be deduced that there is no information content in unqualified audit report with explanatory paragraph and qualified audit report.