Temporal Changes in Bankruptcy-Related Reporting

Authors

Joseph V. Carcello, University of TennesseeFollow
Dana R. Hermanson, Kennesaw State UniversityFollow

Document Type

Article

Publication Date

Fall 1995

Abstract

Examines whether the tightening of the going-concern professional standards in the United States is associated with the propensity of the Big 8/Big 6 firms modify bankruptcy-related opinions. Auditing Standards Board's SAS 34 and SAS 59; Difference in auditor reporting; Professional standards tightened by SAS 64; Implications for practice and theory.