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Going Concerns Fall in 2014 in “Mixed Bag” of Results

Tammy Whitehouse | January 12, 2016

The risk of getting a red flag from auditors questioning the company’s ability to continue as a going concern appears to have fallen for another year from a peak in 2008.

According to the latest data from Audit Analytics, the number of audit opinions that included a question from auditors regarding whether the company could remain in business another year appears to have fallen in 2014 from 2013. The latest report provides complete data on 2014 going concern qualifiers through mid-July 2015 when 97 percent of all filings had been submitted, then extrapolates the remainder of the data based on historical results.

Based on this estimation, the research firm says 2014 going concern opinions finished out at 2,233 among all public companies, a drop from 2,403 the prior year and...

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