Audit Reporting for Going Concern Uncertainty: Literature Insights, Italian Evidence and Future Research Approaches and Pathways
- 501 Downloads
This chapter provides the main findings reached from the journey through Audit Reporting for GCU. First of all, it résumés the main insights retrieved from the narrative literature review performed in Chap. 2; secondly, it contextualizes the results achieved in the empirical study (Chap. 3) conducted regarding the consequences on investors in Italy, also in Chap. 3; lastly, it outlines future trajectories for: scholars, suggesting future pathways of research and stressing the importance to “glocalize” results achieved, especially in archival studies; regulators, asking for a fine tuning action of current standards in accordance with the evidence provided throughout this study; auditors, calling for fair opinions more than in the past in the light of new standard requirements and to prevent other financial crises and/or scandals; investors, demanding a higher awareness about the deep meaning of a GCO, especially after novelties occurred that have rendered a GCO close to being mandatory, as seen in Chap. 1.