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Author : Michael Maingot
Release : 2006
Genre :
Kind : eBook
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Book Synopsis A Going Concern Content Analysis of Audit Reports in Bankrupt Companies by : Michael Maingot
Download or read book A Going Concern Content Analysis of Audit Reports in Bankrupt Companies written by Michael Maingot. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marshall A. Geiger
Release : 2021-06-09
Genre : Business & Economics
Kind : eBook
Book Rating : 031/5 ( reviews)
Book Synopsis Auditor Going Concern Reporting by : Marshall A. Geiger
Download or read book Auditor Going Concern Reporting written by Marshall A. Geiger. This book was released on 2021-06-09. Available in PDF, EPUB and Kindle. Book excerpt: Auditor reporting on going-concern-related uncertainties remains one of the most challenging issues faced by external auditors. Business owners, market participants and audit regulators want an early warning of impending business failure. However, companies typically do not welcome audit opinions indicating uncertainty regarding their future viability. Thus, the auditor’s decision to issue a "going concern opinion" (GCO) is a complex and multi-layered one, facing a great deal of tension. Given such a rich context, academic researchers have examined many facets related to an auditor’s decision to issue a GCO. This monograph reviews and synthesizes 182 recent GCO studies that have appeared since the last significant review published in 2013 through the end of 2019. The authors categorize studies into the three broad areas of GCO: (1) determinants, (2) accuracy and (3) consequences. As an integral part of their synthesis, they summarize the details of each study in several user-friendly tables. After discussing and synthesizing the research, they present a discussion of opportunities for future research, including issues created or exacerbated as a result of the global COVID-19 pandemic. This monograph will be of assistance to researchers interested in exploring this area of auditor responsibility. It will also be of interest to auditing firms and individual practitioners wanting to learn what academic research has examined and found regarding this challenging aspect of audit practice. Auditing standard-setters and regulators will find it of interest as the authors review numerous studies examining issues related to audit policy and regulation, and their effects on GCO decisions. The examination of GCO research is extremely timely given the financial and business disruption caused by the worldwide COVID-19 pandemic. This unprecedented global event has caused companies, auditors and professional bodies to revisit and reassess their approach to going concern, and to think even more deeply about this fundamental business imperative.
Author : Laura Arnedo
Release : 2008
Genre :
Kind : eBook
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Book Synopsis Going-Concern Uncertainties in Pre-Bankrupt Audit Reports by : Laura Arnedo
Download or read book Going-Concern Uncertainties in Pre-Bankrupt Audit Reports written by Laura Arnedo. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the traditional view of audit failures related to the going-concern (GC) assumption to two circumstances scarcely analyzed in the audit literature: the earnings overstatement that characterizes firms without a going-concern uncertainty (GCU) in their audit reports and the wording used by auditors in the GC qualifications. We find significant differences between the discretionary accruals of Spanish GC and non-GC companies. After discounting their effect, the client's financial condition loses its significance in the multivariate explanation of the GCU and auditor size is the variable that better explains the qualifications. We also find that a large percentage of GCUs are written ambiguously and with an overuse of conditional language, but no client or auditor attributes significantly explain differences in the GCU wording. Our results support the need to strengthen the enforcement mechanisms, as a GC audit Standard is not, by itself, enough to efficiently control auditor behaviour.
Author : Jeffrey R. Casterella
Release : 1999
Genre : Auditors' reports
Kind : eBook
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Book Synopsis An Empirical Investigation of the Audit Opinions Rendered to Bankrupt Companies by : Jeffrey R. Casterella
Download or read book An Empirical Investigation of the Audit Opinions Rendered to Bankrupt Companies written by Jeffrey R. Casterella. This book was released on 1999. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Barbara Ann Waddington
Release : 1997
Genre : Auditors' reports
Kind : eBook
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Book Synopsis Auditor Costs for Issuing Going Concern Reports to Surviving Firms by : Barbara Ann Waddington
Download or read book Auditor Costs for Issuing Going Concern Reports to Surviving Firms written by Barbara Ann Waddington. This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt:
