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2. Audit Reporting for Going Concern Uncertainty: The Academic Debate

verfasst von : Sandro Brunelli

Erschienen in: Audit Reporting for Going Concern Uncertainty

Verlag: Springer International Publishing

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Abstract

This chapter, using a narrative literature review, goes to the heart of the academic debate about Audit Reporting for Going Concern Uncertainty (GCU). With the aim of enhancing the understandability of the review, the studies are classified following the same, and well-known in the literature, categorization adopted by Carson et al. (2013). The purpose is to provide a worldwide faithful representation of what scholars have said over time with respect to Audit Reporting for GCU. This effort is necessary for a twofold reason: On the one hand it fills the gap of a missing worldwide representation of this richest debate; on the other, it helps scholars in understanding which are topics and subjects unexplored or underexplored that deserve academic and, not only, future engagement. Lastly, it provides auditors and regulators with a global synthesis about the determinants, accuracy and consequences of Going Concern Opinions (GCOs), fostering further fine tuning actions of regulatory frameworks across the world.

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Vorheriges Kapitel The Firm’ Going Concern in the Contemporary Era

Nächstes Kapitel Effects of GCOs in Italy: Some Empirical Evidence

A prior way, used up to the 1990s, to express a GCO.

Either the auditor resists disclosing a GCO to avoid the loss of clients, or the auditor is firmly convinced of the need to give a qualified opinion to protect his/her reputation.

The auditor encourages revealing hidden liabilities and eliminating overpriced assets that may be overstated in the balance sheet to show a more solvent image.

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Titel: Audit Reporting for Going Concern Uncertainty: The Academic Debate
verfasst von: Sandro Brunelli
Verlag: Springer International Publishing
Buch: Audit Reporting for Going Concern Uncertainty
Print ISBN: 978-3-319-73045-5

Electronic ISBN: 978-3-319-73046-2

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-73046-2_2