Using Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statements

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dc.contributor.advisorGstraunthaler, Thomasen_ZA
dc.contributor.authorMazaba, Mwendamo Isaacen_ZA
dc.date.accessioned2015-01-06T12:13:08Z
dc.date.available2015-01-06T12:13:08Z
dc.date.issued2010en_ZA
dc.descriptionIncludes abstract.en_ZA
dc.descriptionIncludes bibliographical references (leaves 45-46).en_ZA
dc.description.abstractAuditors are responsible for assessing management’s use of the going concern assumption in the financial statements. According to research done in other countries, the Z-Score is a statistical tool that has been proven to aid auditors' going concern decisions. The objective of this paper is to ascertain whether Altman’s Z-Score can aid South African auditors to more accurately assess the appropriateness of management’s use of the going concern assumption in the preparation of financial statements, by applying two corporate failure prediction models developed by Altman to South Africa listed companies. The study compares the predictive accuracy of the two models against each other and against auditors’ actual going concern decisions. The results indicate that the Z-Score is quite accurate in predicting failure for companies that eventually fail.en_ZA
dc.identifier.apacitationMazaba, M. I. (2010). <i>Using Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statements</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/11577en_ZA
dc.identifier.chicagocitationMazaba, Mwendamo Isaac. <i>"Using Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statements."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2010. http://hdl.handle.net/11427/11577en_ZA
dc.identifier.citationMazaba, M. 2010. Using Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statements. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Mazaba, Mwendamo Isaac AB - Auditors are responsible for assessing management’s use of the going concern assumption in the financial statements. According to research done in other countries, the Z-Score is a statistical tool that has been proven to aid auditors' going concern decisions. The objective of this paper is to ascertain whether Altman’s Z-Score can aid South African auditors to more accurately assess the appropriateness of management’s use of the going concern assumption in the preparation of financial statements, by applying two corporate failure prediction models developed by Altman to South Africa listed companies. The study compares the predictive accuracy of the two models against each other and against auditors’ actual going concern decisions. The results indicate that the Z-Score is quite accurate in predicting failure for companies that eventually fail. DA - 2010 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2010 T1 - Using Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statements TI - Using Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statements UR - http://hdl.handle.net/11427/11577 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/11577
dc.identifier.vancouvercitationMazaba MI. Using Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statements. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2010 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/11577en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.titleUsing Altman's Z-Score to assess the appropiateness of management's use of the going assumption in the preparation of financial statementsen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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