Public companies receiving going concern audit opinions during fiscal year 2020 were at the lowest number (1,261) and percentage (17.9 percent) for all years between 2000 and 2020, according to a new report from Audit Analytics.
The number of going concern opinions in 2020 went down 11.4 percent from 2019, despite an increase in the total number of audit opinions in annual reports for the first time since 2007. In 2019, there were 1,423 companies (20.8 percent) that received going concern opinions.
