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

Cardinal Scholar

Show simple item record

dc.contributor.advisor Trowbridge, Philip A. en_US Manns, Deborah L. en_US 2011-06-06T19:08:36Z 2011-06-06T19:08:36Z 1992 en_US 1992
dc.identifier.other A-118 en_US
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 SAS No. 59 which superseded SAS No. 34 helped clarify the expectations of the auditor with respect to going concern, but it did not provide any objective tests for the auditor to use in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. Thesis (B.?.)
dc.identifier.cardcat-url en_US

Files in this item

This item appears in the following Collection(s)

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

Show simple item record

Search Cardinal Scholar


My Account