going-concern statement

An auditor's statement that there is concern whether the company being audited can remain in business. A going-concern statement indicates equity investors are at substantial risk.

References in periodicals archive ?

30, 2003, Media Space and its investors realized the corporation was incapable of redeeming the stock, and if the redemption rights were exercised, its auditors would have to issue a going-concern statement.

Some forbearance payments deductible, some not

This has increased directors' exposure in relation to their assessment in supporting a going-concern statement and appropriate regulatory disclosures.

Going consternation: auditors are seeking more and more assurances from their clients about their businesses' continuing viability before they will sign off their accounts without qualification. Robin Johnson explains the liabilities facing directors

Within 65 days of being retained, he alleviated imminent bank defaults, avoided a going-concern statement from outside auditors, raised $50 million in new capital and initiated a divestiture process for underperforming units.

FTI Consulting Hires Michael Pace, Todd Matherne and Herb Cohen; Leading Experts Augment FTI's Financial Investigations and Interim Management Capabilities

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