Learn what “going concern” means, how it affects financial reporting and audits, and the signs that may show a business could ...

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 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 ...

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 ...

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 ...