Auditor reporting and transparency about the entity’s financial condition is information critical to our turbulent economy. Amid the economic turmoil related to the coronavirus pandemic, going concern ...

Those who know about such things tell us that the presidential debates are less about issues than about the candidates’ values and the principles that guide their actions. Debates are supposed to ...

The phrase strikes fear in the hearts of accountants. When a company publicly uses the term “going concern,” which a lot more are doing these days, it’s almost always bad news. Here’s why → A going ...

The International Auditing and Assurance Standards Board released additional information Thursday on its new going concern standard. The new Frequently Asked Questions document aims to support ...

The COVID-19 pandemic caused an unprecedented amount of financial pressure for many businesses, and auditors will still be sorting out the risks clients face during this year’s audit engagements. Some ...

The COVID-19 pandemic has created unprecedented uncertainty, and businesses across all industries have felt, or will likely feel, the related financial strains and pressures. With customers confined ...

A going concern means the company is expected to operate and meet financial obligations. Auditors evaluate liquidity, income, and management plans to affirm going concern status. Red flags include ...

Investors are reading headlines about companies issuing the dreaded "ability to continue as a going concern" warning seemingly every other day. Sad to say, they might just have to get used to it. The ...

WeWork's inclusion of a "going concern" statement in their 10-Q filing caused a sharp drop in their stock price after the close on August 8. This ASU No. 2014-15 (subtopic 205-40) "going concern" ...

Orion Properties faces refinancing risks, going-concern warnings, and potential massive dilution. Learn more about ONL stock ...

An accounting term that often comes up in the form of a warning when a company thinks it may have less than a year to live. The phrase strikes fear in the hearts of accountants. When a company ...