Going-Concern Assumption and Disclaimer Opinion: The Italian Case

DOI: 10.5176/2010-4804_2.4.244

Authors: Fabrizio Bava, Melchiorre Gromis di Trana

Abstract:

The going-concern (GC) assumption is a fundamental principle in the preparation of financial statements in many countries. For this reason an evaluation on the capability of the entity to continue in business for the foreseeable future is a central element in the audit process. After introducing the influence that GC assumption plays on the audit opinion, this paper aims to verify what has happened to the Italian listed companies after receiving a disclaimer opinion for inappropriate evidence regarding the use of the GC assumption.

Keywords: Going-concern, auditing, disclaimer opinion, bankruptcy

citation_author: Melchiorre Gromis di Trana
citation_author: Melchiorre Gromis di Trana
citation_publication_date: 2013/08/16
citation_pdf_url: downloads.globalstf.org/upload/GBR{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}20Vol{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}202{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}20No{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}204/GBR{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}20Vol{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}202{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}20No{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}204{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465}20Paper_2.pdf
citation_title: Going-Concern Assumption and Disclaimer Opinion: The Italian Case

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