A study of going-concern (GC) reporting in Belgium examined the effects associated with the introduction of rules-based audit standards in 2000. The study involved matching of statistical samples from 221 bankrupt companies and 221 non-bankrupt companies, each group had 132 companies bankrupt prior to the standard and 89 after. The study revealed: 1. A change…

BPIR Categories

11.4.1 Design/conduct internal/external audits
11.3.1 Provide external financial information

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