Trends in Auditor Reporting in Australia: A Synthesis and Opportunities for Research

Elizabeth Carson; Neil Fargher; Yuyu Zhang

doi:10.1111/auar.12124

Trends in Auditor Reporting in Australia: A Synthesis and Opportunities for Research

Elizabeth Carson^*, Neil Fargher, Yuyu Zhang

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

17 Citations (Scopus)

Abstract

The purpose of this review is to synthesise the existing research literature regarding audit reporting and, in particular, the going concern decision. We consider the findings of research conducted in Australia and New Zealand on these issues. We then analyse trends in audit reporting from 2005 to 2013. We identify an increase in auditors’ reports highlighting going concern issues well beyond the global financial crisis period confirming that this period represents a period of prolonged economic uncertainty. We identify trends by audit firm type, by industry and company size. We analyse the subsequent year outcomes for firms receiving going concern opinions. We also identify opportunities for future research.

Original language	English
Pages (from-to)	226-242
Number of pages	17
Journal	Australian Accounting Review
Volume	26
Issue number	3
DOIs	https://doi.org/10.1111/auar.12124
Publication status	Published - 1 Sept 2016

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abstract = "The purpose of this review is to synthesise the existing research literature regarding audit reporting and, in particular, the going concern decision. We consider the findings of research conducted in Australia and New Zealand on these issues. We then analyse trends in audit reporting from 2005 to 2013. We identify an increase in auditors{\textquoteright} reports highlighting going concern issues well beyond the global financial crisis period confirming that this period represents a period of prolonged economic uncertainty. We identify trends by audit firm type, by industry and company size. We analyse the subsequent year outcomes for firms receiving going concern opinions. We also identify opportunities for future research.",

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Trends in Auditor Reporting in Australia: A Synthesis and Opportunities for Research

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