Abstract

http://ssrn.com/abstract=1947369
 


 



Corporate Failure: Accounting and Auditing Resolution


Dr. Ahmad Bello


Ahmadu Bello University Zaria, Nigeria

October 21, 2011


Abstract:     
The Economic cost of business failure is relatively large, Government, providers of capital, as well as management and employees are severely affected. More critical are the reporting accountants who are likely to face potential litigation if their report failed to provide an early warning signal. The paper studies and makes a critical analysis on the concept, causes and resolution of business failure, with emphasis on auditing and accounting resolution option. The paper is purely analytical, as it utilizes previous studies to draw an inference.

From the analysis it’s found that distress is mostly caused as a result of poor corporate governance. To stem distress and its debilitating effect, there is a need for the adoption of new audit framework which stresses on time limit of audit tenure with a client, forensic audit, retrospective audit procedure, and auditor’s skepticism. This will ensure and yield effective corporate governance that can curve and detect potential failure.

Number of Pages in PDF File: 17

Keywords: Corporate Failure, Accounting, Auditing

JEL Classification: G33

working papers series


Download This Paper

Date posted: November 25, 2011  

Suggested Citation

Bello, Dr. Ahmad, Corporate Failure: Accounting and Auditing Resolution (October 21, 2011). Available at SSRN: http://ssrn.com/abstract=1947369 or http://dx.doi.org/10.2139/ssrn.1947369

Contact Information

Dr. Ahmad Bello (Contact Author)
Ahmadu Bello University Zaria, Nigeria ( email )
P.M.B. 1044
Samaru
Zaria, NE Kaduna State 234
Nigeria
Feedback to SSRN


Paper statistics
Abstract Views: 1,359
Downloads: 447
Download Rank: 34,739

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.328 seconds