Going Concern Audit Opinion and Market's Reaction

This study aimed to investigate the market reaction release of independent auditor's opinion accompanied by going concern modification (GCM) whether type report is unqualified or a qualified audit opinion. The population consisted all public shareholding companies listed on Amman Stock Exchange (ASE) except for financial sector while sample those whose included GCM period 2017-2021. event method was used analyze market's reactions measured CAARs. we short window 15 days;7 days before and after report, in addition day zero which announcement made. data collected manually through reports bulletin published ASE website. non-parametric one-sample T-test examine hypotheses. results revealed that there no statistically significant effect stock prices reports. These can be justified based argument Blay & Gregor (2001), who reported may not affected significantly expected opinion, will react negatively unexpected modifications, It worth noting Corona pandemic has permeated current period, therefore investor have high expectation distress affect assumption, therefore, recommend this extended other periods.