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. A going ...

Example of Going-Concern Value . For example, suppose that the liquidation value of Widget Corp. is $10 million. This sum represents the current value of inventory, buildings, ...

'Going concern' warnings can sometimes be an early warning signal of a bankruptcy ... and Wall Street is experiencing a spike in this language as the COVID-19 crisis rolls on.

The going concern concept requires that the financial statements of a company must normally be prepared under the assumption that the business will continue to operate and ... For example, Live ...

A going concern is a company that has the resources to stay in business for the foreseeable future. Read on for some red flags that can indicate otherwise.

It also provides an illustrative example of an auditor's report that provides a description of how the auditor evaluated management's assessment of going concern. ISA 570 (Revised 2024) was published ...

One of the fundamental principles of accounting involves the idea of the “going concern.” It is an accounting principle that makes infrequent appearances, but when it comes into play for a ...

A "going concern' statement in an annual audit is, in my opinion, much more serious. It is a relatively new ASU No. 2014-15 (subtopic 205-40) accounting requirement.

The going concern concept in accounting assumes that a business will continue to operate indefinitely and will not be liquidated in the foreseeable future.