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Going concerns fall in 2015, but not due to better financials

Tammy Whitehouse | January 6, 2017

Going concern filings appear to have tapered off in 2015, but that doesn’t necessarily mean public company balance sheets are getting healthier.

The latest analysis by Audit Analytics suggests fewer companies filed their financial statements in 2015 carrying a warning from auditors that there’s reason to doubt whether the company can remain in business as a going concern. The reduced number, however, is explained more by companies leaving capital markets than by any improvement in companies’ financial positions, the firm says in its report.

The analysis is based on filings completed through Aug. 4, 2016, of 2015 financial statements. About 93 percent of all financial statements for listed companies had been filed by that date, Audit Analytics says. Based on that data, the firm projects the final number of going concern filings should land at 2,016; of that...

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