RPT-INTERVIEW-Auditor 'going concern' warnings seen peaking '09

Newswire

(Repeats story issued Thursday, Feb. 26) By Emily Chasan NEW YORK, Feb 26 (Reuters) - The number of "going concern" warnings by corporate auditors could hit an all-time high this year, as the U.S. recession has put the survival of hundreds of companies in doubt, the chief executive of accounting firm Grant Thornton predicted on Thursday. Every year, U.S. auditors are required to say when they have substantial doubt about whether a company can survive for another 12 months. Auditors' ...

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