In advance of Thursday's PCAOB meeting concerning the same subject, Audit Analytics is releasing a Snapshot Briefing, comprising nearly 8 years of data, broken down by SEC reporting status, on auditor opinions qualified by a "Going Concern" assumption.

The briefing shows that 2007 had the highest number of "Going Concern" notations so far this decade. While the data for 2008 is still coming in, already more large accelerated filers' auditor opinions have been qualified by a "Going Concern" assumption than in the previous 2 years combined.

These notes, which make known an auditor's uncertainty that a given company will continue normal business operations, provide one useful indicator in measuring the long and short-term health and stability of public registrants. Taken together over a period of years, these notations may also provide a broad indicator of the overall condition of the economy.

To learn more about the Audit Analytics Going Concern Snapshot CLICK HERE.