A Multivariate Analysis of the Auditor's Going-Concern Opinion Decision
研究审计师持续经营意见与公开信息的关系，使用判别分析检验模型，样本包括收到持续经营意见和存在潜在持续经营困难的制造业公司。
The Auditing Standards Board (ASB) recently attempted to eliminate the subject-to opinion, including those issued for going-concern uncertainties. Financial statement users expressed strong opposition to this move, partly because they believed that auditors are privy to inside information (AICPA [1982; 1983]). Clearly, if an auditor's loss-likelihood judgment is made with greater precision because of access to inside information, the audit opinion would have information content. On the other hand, if auditors' opinions merely reflect what can be gleaned from publicly disclosed information, then the opinion itself could be redundant.' The research described in this paper was designed to examine the relationship beween the going-concern opinion and publicly available information. Discriminant analysis was used to test models of the goingconcern opinion decision with a sample of manufacturing companies that received a going-concern opinion (GCAR companies) and a sample of manufacturing companies that exhibited potential going-concern diffi-