Ongoing concern: The Asian CFOÆs debt hangover

Asia may be facing an oncoming corporate debt maturity crisis. Will CFOs be held responsible?

Material adverse changes, which raise substantial doubt about its ability to continue as a going concern is one example of a fairly innocuous phrase which can have profound implications for a corporation’s survival. It is an auditor’s going concern qualification something chief financial officers are becoming increasingly familiar with as the recession tightens its Darwinian grip on debt-laden corporations.

According to research firm Audit Analytics, more than 23% of public company filings made in the US for fiscal years...

To continue reading, please login or register for free

Click for more on: debt | cfo | stephenson harwood

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...