The paper discusses a very topical issue, under the conditions of the economic crisis, on the going concern of an entity and the manner in which the auditor can provide reasonable assurances to that effect. The going concern assumption is a fundamental principle for drafting the financial statements, which state that an entity is generally regarded as presenting a continuation of its work in the foreseeable future, having no intention or need to be liquidated, and to suspend its activity or to seek protection from creditors. The keywords of the success of an audit mission will consider the consolidation of the credibility of accounting information, along with early detection of some possible risks which the entity may expose to in the future. Raising the issue on following-up the activity in a public manner means already bringing a prejudice to the entity. Thus, in a field such as accounting, announcing the result of the current year as being lower compared to the result of the previous year already represents the priming of the vicious circle of losing the confidence. The events or conditions that could significantly question the reporting entity's ability to continue work can be identified during the execution of the risk assessment procedures or during the execution of further audit procedures. The auditor assesses the effect of the identified events or conditions when assessing the significant distortion risks, and, therefore, their existence may affect the nature, type and extent of the auditor's further procedures. For the more rigorous assessment of abiding the principle of future business, the financial auditor will examine the dynamics of liquidity, solvency, equilibrium and financial performance indicators, and to evaluate the risk of bankruptcy by the score method. To interpret the results, the professional reasoning, experience and comparative data of the activity field of the similar entities are essential.
