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.
Please note that downloads of the article are for private/personal use only.
Recommended Citation
Geiger, Marshall A., K. Raghunandan, and D. V. Rama. "Going-concern Audit Report Recipients Before and After SAS No. 59." The National Public Accountant 43, no. 8 (October 1998): 24-25.