We examine a set of bankrupt firms and test the relation between going concern opinions [GCs] and the emergence from bankruptcy. If the role of GCs is to alert stakeholders to the potential of financial failure, as prescribed by the auditing standards, then those investors and creditors who...

We highlight aspects of the Brazilian operating and reporting environment that have led to ample opportunities for researchers to examine the topic of earnings management in financial reporting. In particular, we discuss the potential for research since Brazil has adopted a financial reporting...