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.
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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.