going-concern statement
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.