Audit firms issued 19 percent more going-concern opinions last year, according to data compiled by Audit Analytics that was cited by the PCAOB in a memo to its advisers. As of mid-March, more than 23 percent of filings of public-company filings made for fiscal year-ends from June 30, 2008, to December 31, 2008 included a going-concern opinion.
Regulators Eye "Going Concern" Concerns
(continued)
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