#Fail: Social Media, Firm Distress, and Going Concern Opinions

Condie, Eric R.; Moon, James R.

doi:10.2139/ssrn.3659762

Cited by 2 publications

(1 citation statement)

References 45 publications

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“…While it is comforting that auditors appear to be sensitive to indicators of distress when making going concern judgments, the effectiveness with which these factors are used and whether there are other useful predictors of distress have also been the focus of research attention. Research has developed and tested models to assist auditors when assessing an entity's viability (e.g., Koh 1991;Hsu and Lee 2020), and other studies find associations between new variables and future viability, for example, social media sentiment (Condie and Moon 2020).…”

Section: (A) Should the Auditor Have Enhanced Or More Requirements With Regard To Going Concern In An Audit Of Financial Statements? If Ymentioning

confidence: 99%

Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the Discussion Paper: Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences between Public Perceptions about the Role of the Auditor and the Auditor's Responsibilities in a Financial Statement Audit

Schaefer¹,

Brown²,

Ege³

et al. 2021

Current Issues in Auditing

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We commend the International Auditing and Assurance Standards Board (the Board) on its efforts to determine “whether the auditing standards related to fraud and going concern need to be updated to reflect the rapidly evolving external reporting landscape.” We especially commend the Board on the timeliness of the call for input into these issues in that there is sufficient time to conduct research to further inform questions raised in the Discussion Paper and the questions that will inevitably arise as deliberations continue and progress is made on the project. We note below insights from the extant research literature as they relate to the questions posed in the Discussion Paper, but there remain many unanswered questions. We believe that many members of the Auditing Section of the American Accounting Association stand ready to work with the Board and other stakeholders to inform deliberations in this area.

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Section: (A) Should the Auditor Have Enhanced Or More Requirements With Regard To Going Concern In An Audit Of Financial Statements? If Ymentioning

confidence: 99%

Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the Discussion Paper: Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences between Public Perceptions about the Role of the Auditor and the Auditor's Responsibilities in a Financial Statement Audit

Schaefer¹,

Brown²,

Ege³

et al. 2021

Current Issues in Auditing

View full text Add to dashboard Cite

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Social Comparison Orientation and Social Media Use by Brazilian Accounting Students

Meurer,

Costa

2024

ASAA Journal

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Purpose: Social Comparison Orientation is a psychological and behavioral predisposition that is rooted in individuals' uncertainties about their own abilities and opinions. The frequent and inappropriate use of social networks, in addition to enabling social comparison, may lead to the maximization of this behavior, which is sometimes harmful to the individual. This research sought to identify how accounting students’ social comparison orientation changes according to the characteristics of social media use. Methodology: The responses were collected from an online survey of accounting students. 502 valid responses were obtained and to verify and compare social comparison orientation based on the characteristics of social media use, the statistical tests multigroup confirmatory factor analysis, and MANOVA were used. Results or Discussion: MANOVA pointed out significant differences in the clusters of following celebrities and influencers on social media to compare abilities and opinions and in the number of friends to compare opinions. Conclusion: The engagement with posts from influencers and celebrities related to the facets of Social Comparison Orientation (SCO) may stem from the profile of accounting professionals described in the literature, who tend to be introverted and may seek for socially accepted patterns of behavior through social media. Therefore, understanding how the characteristics of social media usage affect social comparison behavior can be valuable for promoting a more conscious use of these digital tools.

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#Fail: Social Media, Firm Distress, and Going Concern Opinions

Cited by 2 publications

References 45 publications

Social Comparison Orientation and Social Media Use by Brazilian Accounting Students

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