Abstract

In an attempt to provide information to make an evaluation on whether the requirements under SAS No. 59 have had any significant effect on auditor reporting decisions, a study was conducted that examined companies receiving going-concern modified reports before and after the implementation of SAS No. 59. We wanted to assess whether auditors were issuing going-concern modified reports to clients exhibiting different levels of financial stress and also whether the bankruptcy rate of such companies was different after the adoption of SAS No. 59.

Document Type

Article

Publication Date

10-1998

Publisher Statement

Copyright © 1998 National Society of Accountants. This article first appeared in The National Public Accountant 43, no. 8 (October 1998): 24-25.

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