When General Motors published its annual report on March 4, it became one of the largest U.S. companies to state publicly that it is teetering on the edge of bankruptcy.
These days, however, GM has plenty of company. Companies of all sizes and industries are now grappling with the dreaded “ability to continue as a going-concern” warning from their external auditors.
Noring
“This economic contraction is going to impact a lot of companies,” says Paul Noring, managing director at Navigant Consulting. “This is something a lot more people are going to have to become a lot more familiar with over the ...