Document Type : Research Paper
Abstract
The research aims to verify the Going Concern by the external auditor using the (Springate) model and its effect on the external auditor's report. The model was applied to nine joint stock companies listed on the Iraq Stock Exchange within three different sectors and for a time series that spanned for a period of (5) years. From (2015-2019), the extent of the companies ’ability to continue to exist has been verified, and there are companies that are able to continue and others that are unable to continue according to the approved model, In contrast, the auditor’s lack of awareness of his responsibility towards the failure of the companies and not giving an opinion on the extent of the company's ability to continue as most of them hesitate, Inclusion of it to avoid being a cause. With drawing the money of the owners and stopping dealing with the company as it was positive for all companies of the research sample, and the need to not benefit from Sustainability for some companies, based on applied research results in the research uses Going Concern.
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