going concern

Big Four associate in pot possession arrest

A new Big Four associate wants to find out if his career will go up in smoke after a pot possession arrest.

'Cokehead' accountant almost bankrupts company

58-year-old Charles Shaffer has been ordered to serve two to four years in prison for stealing nearly US$400,000 from his employer to fund a nine-year-long coke habit, reports

Validity of Letter of Support

My audit client has gone into liquidation despite the parent company (whom I do not audit) providing me with a continuing letter of support as part of my audit (so signed off as a going concern).

AccountingWEB.co.uk guide to the audit of going concern

Steve Collings explains the regulations relating to the going concern presumption and where it applies when conducting audits.

AccountingWEB.co.uk guide to going concern

Steve Collings outlines how to apply the going concern concept when preparing financial statements.

Accounts other than as a going concern.

A limited company is doing its accounts to, say, 31.03.2010. Due to the economic downturn there are obvious issues relating to going concern BUT on 31.05.2010 the directors decide that the company

Going concern warning knocks Vantis share prices

Listed accountancy firm Vantis was shaken this week after auditors Ernst & Young issued a going concern warning in the group’s six month interim report.