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Living with a Scarlet Audit Letter

Given a going-concern qualification, companies struggle to defy their auditors' prediction that they won't survive the year.

October 21, 2009

By the time an audit firm announces that it doubts one of its clients will be able to continue as a going concern for the next 12 months, the company in question is usually in the midst of a public downward spiral. It likely has liquidity problems, financing issues, and a plummeting stock price. Read more...

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