Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Accounting
Weighing The Public Interest, Jodi L. Gissel, Don Giacomino, Michael Akers
Weighing The Public Interest, Jodi L. Gissel, Don Giacomino, Michael Akers
Accounting Faculty Research and Publications
In 1981, the AICPA addressed the issue of going concern status through SAS 34, The Auditor's Considerations When a Question Arises About an Entity's Continued Existence. In 1988, the AICPA issued SAS 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern, which remains the authoritative guidance. To determine if additional guidance on the topic of going concern is provided by accounting organizations, the authors contacted the AICPA and the state CPA societies. The authors found that none of these organizations provide additional literature or guidance in this area. Several individuals have criticized the current literature …
Earnings Quality: It's Time To Measure And Report, Jodi L. Gissel, Don Giacomino, Michael D. Akers
Earnings Quality: It's Time To Measure And Report, Jodi L. Gissel, Don Giacomino, Michael D. Akers
Accounting Faculty Research and Publications
Earning's quality is an important aspect of evaluating an entity's financial health, yet investors, creditors, and other financial statement users often overlook it. Earnings quality refers to the ability of reported earnings to reflect the company's true earnings, as well as the usefulness of reported earnings to predict future earnings. The SEC and the investing public are demanding greater assurance about the quality of earnings. There is significant need for the development of a uniform definition and a consistent model to measure earnings quality. An Earnings Quality Assessment (EQA) is a proposed model that is consistent with this definition. The …