Originally Posted By: Willie D
"going concern" = stay in business. It is no longer called "going concern" accounting, but "liquidation accounting."

It is a qualified opinion. As opposed to unqualified opinions, which say that the information provided by the auditee is correct and complete, etc. etc.. You need to look in the auditor's notes to find the aforementioned "explanatory paragraph."

http://www.fasb.org/cs/ContentServer?c=FASBContent_C&pagename=FASB%2FFASBContent_C%2FProjectUpdatePage&cid=900000011115


Slick Willie, I want to hire you to investigate this. One of my favorite companies appears to be in trouble and I want to see how we can help.

I am willing to do my part by taking on several contract girls. All at once or one at a time.
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