Turnaround Initiatives and Going Concern Opinion

The main purpose of this study is to examine the role Statement on Auditing Standards (PSA) No. 30 which requires an independent auditor evaluate management actions overcome financial distress company reduce possibility going concern opinion acceptance. Implementation turnaround initiatives consists additional capital, borrowing and debt restructuring, asset sales cost reduction activities. population research 454 manufacturing companies listed Indonesia Stock Exchange during 2011-2013. This finds that restructuring are positive information reduces probability receiving opinions. Whereas, negative increases opinion. That shows there no significant effect withdrawal capital activities