As of May 20, 2020, there have been 30 audit opinions for SEC-registered public companies that have cited the COVID-19 pandemic as a contributing factor to substantial doubt about a company’s ability to continue as a going concern for the next 12 months. Of the 30 companies that received a going concern audit opinion citing COVID-19 as a contributing factor, 14 were issued their first going concern opinion within the last five years.

In this article, Audit Analytics takes a closer look at the audit opinions of SEC-registered public companies that have been significantly impacted by the global pandemic.