Nearly 25% of Companies May Not Be Going Concerns

 

I was using my twitter account Michael_Corey when I saw a post from Jerell that really caught my attention. Nearly 25% of companies may not be going concerns. Being a graduate of Bentley University (Bentley College when I attended) you came out of there with a strong understanding of accounting even if you were not an accounting major. This twitter post immediately caught my attention. 

In accounting “going concern” refers to a company’s ability to continue functioning as a business entity

To think that 25% of companies auditors were concerned really caught my attention. To quote the article in CFO.com

The auditors of nearly one-quarter of publicly traded companies feel that the companies may not live out the year.

 

Here is a link to the article…

Auditors: Nearly 25% of Companies May Not Be Going Concerns

A research firm predicts 3,589 public companies will report that their auditors doubt they will continue as going concerns. Sarah Johnson – CFO.com | US

April 22, 2009

Here is a link to the article…

Auditors: Nearly 25% of Companies May Not Be Going Concerns

Founder & CEO, Ntirety

www.ntirety.com

My Personal Twitter Account: Michael_Corey

Ntirety Corporate Twitter Account: Ntirety

 


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