Research on Models of the ability of a corporation as a going concern

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In Japan, auditors have mentioned in their audit report the financially distressed condition if the client's company loses its ability as a going concern. It is said that the default company generally has been in a financially distressed condition before bankrupt and that the auditor is required to investigate such condition and management plan to resolve the financially distressed condition. This type of investigation is generally called Going Concern Audit or Financially Distressed Company Audit. Japanese Audit Standard has adopted an indirect reporting system of Going Concern Audit but the auditors must evaluate the ability of the client company as a going concern. Our research is oriented to the evaluation process of the auditors.The objectives of our research are following.1.We reported the state of audit of the ability of the client company as a going concern in Japan.2.We made an scrutiny check on a linear disriminat model. Altman Model is very famous and we checked some other models3.We proposed two new models, one is a proportional Hazard Model and the other is Artificial Intelligence ModelWe have made presentations at the annual meeting both domestic association and foreign association, Japan Accounting Association, American Accounting Association, and Asia Pacific Conference on International Accounting Issues. We are planning to publish our research in the near future