In the last three years, public companies listed on regulated European exchanges have seen the highest rates of going concern opinions over the past twelve years. Overview European-listed companies saw the largest increase in going concern opinions in FY2019 since … Continue reading
Category Archives: Audit Opinions – Europe
Going Concern Trends in Eastern Europe
Over the last decade, companies headquartered in Eastern Europe had a going concern rate of 7.2%. Both the Eastern and Southern European regions have higher rates of going concern compared to the Northern and Western regions. In fiscal year 2020, … Continue reading
Going Concern Trends in Southern Europe
Southern European countries have some of the highest rates of going concern opinions in all of Europe. Four countries had going concern rates over 10% during fiscal year 2020. On average, Southern European countries had a going concern rate of … Continue reading
Going Concern Trends in Western Europe
Public companies headquartered in Western European countries collectively reached their highest rate of going concern opinions (GCOs) during fiscal year (FY) 2019, before falling during FY2020. Western Europe is made up of eight countries: Austria, Belgium, France, Germany, Liechtenstein, Luxembourg, … Continue reading
Going Concern Trends in Northern Europe
The rate of going concern opinions (GCOs) has been rising among northern European companies over the past decade. At the start of the decade, about 2% of companies headquartered in Scandinavian countries received a going concern opinion. GCOs peaked during … Continue reading
Going Concern Trends in the British Isles
London Stock Exchange Going concern opinions (GCO) grew rapidly among companies headquartered in the British Isles during FY2019. The COVID-19 pandemic drove the increase. The UK audit regulator, the Financial Reporting Council (FRC), issued a Bulletin in March 2020 concerning … Continue reading
Storytelling with Audit Analytics Europe
As the Audit Analytics Europe databases continue to grow in breadth and depth, we watch some interesting stories unfold. For example, AIM-listed London-based advertising agency M&C Saatchi [LON:SAA] has faced a few challenges in the past year and a half. From 1 October 2020 to 7 December 2020, the … Continue reading