The Relation between Going-Concern Opinions and the Auditor's Loss Function
探讨审计师激励是否影响其对财务困境客户出具持续经营意见的决定，模型纳入审计师损失函数相关因素，如预期审计费、审计关系时长、诉讼历史等。
In this study I explore whether auditor incentives influence the decision to issue a going-concern disclosure to a financially distressed client. Auditor incentives have been suggested as a missing link between the literatures on financial distress prediction and going-concern assessments. While previous research has focused primarily on client financial ratios, I model the auditor's going-concern as a function not only of the client's financial condition and prospects, but also of factors associated with the auditor's loss function, including prospective audit fees, the length of the auditor-client relationship, recent auditor litigation, client losses, and the existence of previously disclosed evidence of goingconcern difficulties.