Accounting and auditing - predicting the failure of a bank
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This research on the banking crisis of 2007, working on a sample of American banks, attempted to identify the contribution of accounting and auditing to the occurrence of the crisis. It was shown that large banks audited by specialist BIG 4 firms were less likely to fail. Similarly, financial institutions with strong balance sheets and sufficient liquidity do not stop payments. In addition, we found that a diversified loan portfolio with few non-performing loans helps to cushion the effects of economic downturns. This research also looked at the new challenges of prudential banking regulation,...
This research on the banking crisis of 2007, working on a sample of American banks, attempted to identify the contribution of accounting and auditing to the occurrence of the crisis. It was shown that large banks audited by specialist BIG 4 firms were less likely to fail. Similarly, financial institutions with strong balance sheets and sufficient liquidity do not stop payments. In addition, we found that a diversified loan portfolio with few non-performing loans helps to cushion the effects of economic downturns. This research also looked at the new challenges of prudential banking regulation, research perspectives and the accounting profession.
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