Money
Going concern
Accounting's assumption that a business will keep operating for the foreseeable future. If auditors doubt it, they say so, which is a serious warning sign.
You'll hear it as
The auditors flagged a going concern risk in the accounts.
Why it matters to you.
If you read "material uncertainty related to going concern" in a company's accounts, the company may not have enough money to keep going.
Related terms.
Videos.
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