A going concern modification is the expressed uncertainty that a company can continue in the near future. Generally speaking, this uncertainty relates to whether a company will exist for another 12 months. The specifics of the long-term and extensive impacts of the coronavirus are currently unknown, but it is known that COVID-19 has the potential to materially impact operations across a wide variety of companies.

In this article, Audit Analytics examines the currents trends of European small- and large-cap filers that have been impacted by the global COVID-19 pandemic.