Policyholders and other claimants in insurance companies are interested in “solidity,” i.e., the ability of insurers to meet their claims obligations in both the short run and the long run. Insurance regulators exist in order to represent the interests of consumers. Great emphasis is placed...

The auditor's report is the essence of his or her function. Therefore, the methodology of audit decision making — specifically, the logic of the auditor's decision to publish a report on a client's financial statements — is an extremely important theoretical and practical matter. It is also...