Aflevering Farview #8 - Prof. Marshall Geiger – On Covid-19 And The Going Concern Opinion

Our guest for the eight episode of FARview is professor Marshall Geiger. He is a full professor of Accounting and the CSX Chair in Management and Accounting and Professor of Accounting at the University of Richmond, US. Professor Geiger has also been an honorary Professor of the Faculty of Business and Law at Deakin University in Australia. In collaboration with co-authors prof. Anna Gold and prof. Philip Wallage, he has made a research synthesis on the topic of Going Concern Opinions that was funded by the Foundation for Auditing Research. Key take-aways: •A Going Concern Opinion is not supposed to predict failure, it’s a mechanism for the auditor to alert readers that there are concerns. •Going concern research in a COVID-19 era might flesh out more cleanly that more industry experience will lead to more accurate going concern opinions. •Companies are adapting their business models, but the real issue is how well they are going to do under the new business model, how excellent are they going to be able to execute their business plans. •The possibility of a second COVID-19 wave is an important issue. What will that wave look like? How much will it affect specific companies? And how much support will companies get then? That should also be disclosed by management. Profilepage of Prof. Geiger: https://robins.richmond.edu/faculty-staff/mgeiger/ Video link: https://www.youtube.com/watch?v=8T7NqOhc43k For more information concerning the Going Concern Research Synthesis project, please refer to: https://foundationforauditingresearch.org/en/research-publications/projects/2017a01-going-concern-opinions-research-synthesis-prof-geiger/ Royalty Free Music from Bensound