haku: @indexterm AUDITING STANDARDS / yhteensä: 143
viite: 6 / 143
| Tekijä: | Uang, J-Y. (et al.) |
| Otsikko: | Management going-concern disclosures: Impact of corporate governance and auditor reputation |
| Lehti: | European Financial Management
2006 : NOV, VOL. 12:5, p. 789-816 |
| Asiasana: | corporate governance accounting standards auditing standards finance disclosure reporting managers legislation United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | According to the U.K. regulations, directors (here as: dirs.) are required to report on the going-concern (here as: g-c.) status of their firms. Such dirs. have incentives not to report fairly in the case of financially distressed firms. Effective corporate governance mechanisms are expected to encourage dirs. to report more truthfully. Using a large sample of g-c. cases during 1994-2000, this proposition is tested explicitly. Among others, it is found that whereas auditors' g-c. opinions predict the subsequent resolution of g-c. uncertainties, dirs.' g-c. statements convey arbitrary and unhelpful messages to users. |
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