The auditor's responsibilities with respect to going concern : an honors thesis (HONRS 499)

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dc.contributor.advisor Trowbridge, Philip A. en_US
dc.contributor.author Manns, Deborah L. en_US
dc.date.accessioned 2011-06-06T19:08:36Z
dc.date.available 2011-06-06T19:08:36Z
dc.date.created 1992 en_US
dc.date.issued 1992
dc.identifier.other A-118 en_US
dc.identifier.uri http://cardinalscholar.bsu.edu/handle/handle/191456
dc.description.abstract One of the most difficult and subjective assessments an auditor must make is the assessment of a company's ability to continue as a going concern. The greatest question, however, is "What are the auditor's responsibilities with respect to going concern?" SAS No. 59 provides some guidance. The auditor's responsibility is to actively consider the entity's going concern status on every audit engagement. The auditor does this by following these steps: evaluating information already obtained from testing other audit objectives, evaluating management's plans to alleviate any negative conditions present, and deciding which opinion to render based on the information found in the previous steps. SAS No. 59 which superseded SAS No. 34 helped clarify the expectations of the auditor with respect to going concern, but it did not provide any objective tests for the auditor to use in his evaluation (Ellingsen et al. 1989, 25). Therefore, the final decision on an entity's going concern status is highly subjective.
dc.description.sponsorship Honors College
dc.format.extent 13 leaves ; 29 cm. en_US
dc.source Virtual Press en_US
dc.subject.lcsh Business. en_US
dc.subject.lcsh Ball State University. Honors College -- Theses (B.?.) -- 1992. en_US
dc.title The auditor's responsibilities with respect to going concern : an honors thesis (HONRS 499) en_US
dc.type Undergraduate senior honors thesis.
dc.description.degree Thesis (B.?.)
dc.identifier.cardcat-url http://liblink.bsu.edu/catkey/1246360 en_US


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  • Undergraduate Honors Theses [5614]
    Honors theses submitted to the Honors College by Ball State University undergraduate students in partial fulfillment of degree requirements.

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