The Role of Going Concern Evaluation in Both Prediction and Explanation of Corporate Financial Distress: Concluding Remarks and Future Trends

  • Marisa Agostini
Chapter

Abstract

This chapter reviews the main research questions raised in the previous chapters. Their answers will enable us to formulate some concluding remarks about the evaluation of corporate financial distress according to going concern standards in both international and US contexts. In particular this chapter aims at summarizing the main points considered in the book with a view to re-evaluating and updating the existing literature about the concept of corporate financial distress, the types of corporate distressed paths, the prediction and evaluation of corporate financial distress from the viewpoint of different stakeholders, the way in which managers and auditors influence and evaluate the corporate communication of financial distress, the results, and the implications of the convergence process implemented by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) regarding going concern evaluation.

Keywords

Accounting conservatism Corporate financial distress Corporate recovery Going concern Managers’ and auditors’ responsibilities 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Marisa Agostini
    • 1
  1. 1.Department of ManagementCa’ Foscari UniversityVeniceItaly

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