Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

going concern opinion

A going concern opinion is a particular type of audit opinion issued by auditors providing assurance services over financial statements.  A going concern opinion is an unqualified audit opinion with required explanatory language, where the explanatory language pertains to the entity's ability to continue as a going concern.  Auditors should issue a “going concern opinion” when the entity’s financial condition is such that there is doubt as to the firm’s ability to continue as a going...