Going Concern Qualification definition

Going Concern Qualification means a finding by an independent accounting firm that the carrying value of an entity’s assets will be realized and its liabilities will be liquidated in the ordinary course of continuing business activity.
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Going Concern Qualification means an opinion of an independent accounting firm auditor that there is substantial doubt regarding the entity's ability to continue into the future, generally defined as the following year.
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Going Concern Qualification. ’ means a qualification expressed pursuant to Statement of Auditing Standards No. 59, ‘‘The Auditor’s Consideration of an Entity’s Ability to Continue As a Going Concern.’’
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Examples of Going Concern Qualification in a sentence

  • Provide documentation indicating Lead Grantee’s creditworthiness and satisfactory financial capacity in the most recent local government credit rating or the most recent Audited Financial Statement, which may not contain a Going Concern Qualification.

  • Provide a means of assessing financial capacity and/or creditworthiness of the Lead Grantee in the form of most recent local government credit rating or three most recent years Audited Financial Statements, which may not contain a Going Concern Qualification.

  • Lead Grantee is creditworthy and has satisfactory financial capacity as indicated in its most recent local government credit rating or three most recent years of Audited Financial Statements which may not contain a Going Concern Qualification.

  • Documentation indicating Lead Grantee’s creditworthiness and satisfactory financial capacity in its most recent local government credit rating or the most recent Audited Financial Statement, which may not contain a Going Concern Qualification.

  • As a result, Borrower is requesting that the Required Lenders waive any Default or Event of Default arising as a result of the Annual Financial Statements for the fiscal year ended December 31, 2007 being subject to the Going Concern Qualification (the “Subject Event of Default”).

  • As part of its due diligence review, the Authority staff will review the Most Recent Audited Financial Statements of the Applicant or the California nonprofit corporation of which the Applicant is an operating entity to ensure there is no Going Concern Qualification language as part of the audit.

  • Subject to the terms and conditions set forth herein, the Lenders signatory hereto hereby waive any Default or Event of Default arising solely from the Borrower’s delivery of an audit report containing the Going Concern Qualification with respect to the 2008 Audited Financial Statements.

  • The "Going Concern Qualification" might make it substantially more difficult to raise capital.

  • Provide documentation indicating Lead Grantee is creditworthiness and has satisfactory financial capacity in the most recent local government credit rating or the most recent Audited Financial Statement, which may not contain a Going Concern Qualification.

  • Such checking shall not affect the Contractor‟s responsibilities.


More Definitions of Going Concern Qualification

Going Concern Qualification means a modification by an independent auditor of the audit opinion on an entity’s financial statements prepared under going concern basis of accounting when it has been determined that the liquidation of the entity’s assets and liabilities is imminent.
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Going Concern Qualification means a qualification expressed pursuant to Statement of Auditing Standards No. 59, "The Auditor's Consideration of an Entity's Ability to Continue As a Going Concern."
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Going Concern Qualification means a qualification expressed pursuant to Statement of
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Going Concern Qualification means, with respect to any financial statements, any note or similar qualification from the Company’s auditors that the Company may not have sufficient funds or generate sufficient revenue to satisfy its obligations as they come due.
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Going Concern Qualification means a “going concern” or like qualification or exception in any opinion or document accompanying any audited financial statement.
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Going Concern Qualification means an assumption by an auditor that the carrying value of an entity's assets will be realized and its liabilities will be liquidated in the ordinary course of continuing business activity.
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Related to Going Concern Qualification

  • Minimum Qualifications means the requirements of education, training, experience and other basic qualifications for a job.

  • Qualification means any degree, diploma or certificate conferred upon a person after having been examined in respect of that person’s proficiency in a particular field of study;

  • Qualification Date means the date as of which the Offering Statement was or will be qualified with the Commission pursuant to Regulation A, the Act and the Rules and Regulations; and

  • Statement of Qualifications means a written statement submitted to a procurement unit in response to a request for statement of qualifications.

  • Request for Qualifications means all materials and

  • Small business concern means a concern, including its affiliates, that is independently owned and operated, not dominant in the field of operation in which it is bidding on Government contracts, and qualified as a small business under the criteria in 13 CFR Part 121 and size standards in this solicitation.

  • Women-owned small business concern means a small business concern-

  • Qualifications , in relation to an employee, means any degree, diploma or other academic, technical or professional qualification relevant to the position which he held.

  • Veteran-owned small business concern means a small business concern—