what happens if a company is not a going concern 
if a company is not a going concern that means there is risk the company may not survive the next 12 months management is required to disclose this fact and must provide the reasons why they may not be a going concern management must also identify the basis in which the financial statements are prepared and often disclose these financial reports with an audit report with a going concern opinion 4the bottom linegoing concern is an accounting term used to identify whether a company is likely to survive the next year companies that are not a going concern may not have enough money to survive and this fact must be publicly disclosed when an auditor audits their financial statements a company may not be a going concern for a number of reasons and management must disclose the reason why 