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Thousands of U.S. companies file for bankruptcy every year. Many of those businesses had previously hired a CPA firm to perform an audit, review, or compilation of the financial statements. Did the ...

A going concern refers to a business having the financial resources to continue operating for the foreseeable future. A going concern is an accounting term that refers to a business’s ability to ...

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 ...

When it comes to financial statement “going concern” warnings, you should be as concerned about too many as some are about too few. But you can count on one thing: The controversy over how and when ...

Orion Properties faces elevated risk due to a going concern statement. Management has considerable experience in turnarounds and asset sales. Macro risks, especially political and economic uncertainty ...