Going Concern Indicators (Operational and Other)

Question 1

Operational (Liquidate)

Answer 1

Management intention to liquidate the entity or to cease operations

Question 2

Operational (Replacement)

Answer 2

Loss of key management without replacement

Question 3

Operational (loss)

Answer 3

Loss of major market, key customer, licence, or principal supplier

Question 4

Operational (labour)

Answer 4

Labour difficulties

Question 5

Operational (supplies)

Answer 5

Shortages of important supplies

Question 6

Operational (emergence)

Answer 6

Emergence of a highly successful competitor

Question 7

Other (non-compliance)

Answer 7

Non-compliance with capital or other statutory requirements

Question 8

Other (legal or regulatory proceedings)

Answer 8

Pending legal or regulatory proceedings against the entity that may result in claims that are unlikely to be satisfied

Question 9

Other (goverment policy)

Answer 9

Changes in legislation or government policy expected to adversely affect the entity

Question 10

Other (catastrophes)

Answer 10

Uninsured or underinsured catastropjes where they occur