Study of Going-Concern Opinions

Findings indicate that a Shumway method of decomposition of individual ratios is more explanatory of the existence of going concerns than a summary Altman Z score. Obfuscation of financial statement information appears to occur when going-concern footnotes are reported.

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Bibliographic Details
Published inJournal of accounting, auditing & finance Vol. 34; no. 3; pp. 347 - 360
Main Authors Swanson, Zane, Theis, John
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.07.2019
Warren Gorham Lamont
Subjects
Going concerns
readability
disclosure
Altman’s Z
financial distress
going concern
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Summary:Findings indicate that a Shumway method of decomposition of individual ratios is more explanatory of the existence of going concerns than a summary Altman Z score. Obfuscation of financial statement information appears to occur when going-concern footnotes are reported.
ISSN:0148-558X
2160-4061
DOI:10.1177/0148558X17706027