TY - BOOK ID - 85810477 TI - Auditor going concern reporting : a review of global research and future research opportunities AU - Geiger, Marshall A. AU - Gold, Anna AU - Wallage, Philip PY - 2021 SN - 1000392031 1000392015 1003127096 9781003127093 9781000392012 9781000392036 9780367649487 9780367649494 PB - London Routledge, Taylor & Francis Group DB - UniCat KW - Auditors' reports. KW - Auditing. KW - Audits KW - Financial statements KW - Accounting KW - Comfort letters KW - Accountants' reports KW - Auditors' opinions KW - Disclaimer opinions KW - Opinions, Auditors' KW - Qualified opinions (Auditing) KW - Reports, Auditors' KW - Auditing KW - Audit KW - Accounting. KW - Accountancy KW - Business enterprises KW - Commerce KW - Commercial accounting KW - Finance KW - Financial accounting KW - Business KW - Bookkeeping UR - https://www.unicat.be/uniCat?func=search&query=sysid:85810477 AB - "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"-- ER -