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Corporate Governance: shifting accountability for 'going concern' assurance

Masocha, Walter and Weetman, Pauline (2005) Corporate Governance: shifting accountability for 'going concern' assurance. Corporate Governance, 13 (2). pp. 156-167. ISSN 0964-8410

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Abstract

The Cadbury Committee drew attention to the need for improved assurance regarding the going concern status of companies. This paper presents evidence drawn from the comments on two exposure drafts of the auditing standard SAS 130 to show that those arguing for a limitation on the "foreseeable future" were able to limit the impact of the Cadbury recommendations for both auditors and directors without attracting any significant volume of protest on behalf of users or the general interest. A model of a cooperative game between directors and auditors is used to show that this was a predictable outcome.

Item type: Article
ID code: 5559
Keywords: "going concern" status, Commerce, Business, Management and Accounting(all), Strategy and Management, Management of Technology and Innovation
Subjects: Social Sciences > Commerce
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 02 Mar 2008
    Last modified: 04 Sep 2014 16:44
    URI: http://strathprints.strath.ac.uk/id/eprint/5559

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