A going concern qualification is typically issued by a company’s auditor regarding a substantial doubt about the company’s ability to continue operating in the foreseeable future.

The new Frequently Asked Questions document aims to support stakeholders as they implement International Standard on Auditing 570 (Revised 2024), Going Concern. The FAQ document discusses the main ...

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 ...

What is a going concern? A going concern is an accounting term that refers to a business’s ability to remain operating with available financial resources at least in the short term and without the ...

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 ...