Audit Analytics has released its new Going Concern Review. This report is a ten year analysis of audit opinions containing a qualification of the assumption that the company will continue as a going concern in the next fiscal year.

Some highlights of the report are:

• The expected percentage of companies filing a going concern opinion in 2009 is 19.8%, tied with 2007 for the second highest annual percentage since 2000.
• In 2009 the three most common reasons given by auditors for their concerns are
  • Operating losses (1,476 opinions)
  • Inadequacy of working capital or current ratio (856 opinions)
  • Accumulated earnings deficit (625 opinions)
• 6% of the companies which received going concern opinions in 2008 subsequently filed a termination of registration with the Securities and Exchange Commission.

The report is currently available to Audit Analytics subscribers. For more information please email us at info@auditanalytics.com or call (508) 476-7007.