The ability of audit reports to predict business failures

• Main Authors: Ang, Jacqueline Sue Tze, Lay, Mun Ngee, Loke, Oi Lin
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/58586
• Institution: Nanyang Technological University

The focus of this report is on the predictive ability of audit reports. We studied a sample of 50 failed companies for the period 1991-1992 to determine the extent and type of audit qualification they received. The study reveals that the audit reports had a low predictive abilit...