Journal of Accounting Literature
Shortly after the passage of SAS No. 59, Asare (1990) summarized the evolution of research on the going concern opinion (GCO) in order to evaluate the Auditing Standards Board's assumptions regarding the signals sent to the market via the GCO. Over the past twenty years, researchers have continued to investigate the importance of GCOs. The authors objectives are to bring current the evolution of standards, regulations, and literature concerning GCOs, to synthesize a body of research that still presents inconsistent findings, and to suggest future research that could further our understanding of GCO formation and consequences. Given the large volume of research on GCOs, their review will be especially helpful to researchers interested in examining new or unresolved issues within this field of accounting research.
Gissel, Jodi L., "Formation and Consequences of Going Concern Opinions: A Review of the Literature" (2010). Accounting Faculty Research and Publications. 37.