The article is devoted to the study of the existing practice of the assessment of going concern in compliance with international audit standards. The authors conduct the analysis of the factors of binominal models of audit conclusions about a going concern, methodological approaches of integral assessment and conformity of risk classes to the kinds of audit conclusions about a going concern. The analysis of binomial models demonstrated that a number of factors incorporated into the model range from 5 to 19. Factors can be combined into 3 groups – financial, corporate management and other factors, characterising an auditing company. Financial ratios group includes the results of the assessment of enterprise bankruptcy, executed by using established models (Zmijewski, Hopwood). The authors on the basis of bibliometric analysis stated that detection of going concern risk as a rule is considered by the auditor as a homogeneous risk class. And it is irrespective of the fact that auditors have the right to introduce different excuses related to a going concern. There is an attempt (Young&Wang) to offer the interdependence of risk classes (determined on the basis of Altman model) and types of audit conclusions. The authors suggested using the method of hierarchy analysis for getting an integral assessment of following going concern opinion. One of the main indicators belonging to the group of financial indicators of the assessment of going concern is an indicator of the insolvency/bankruptcy assessment. The authors research the possibility of using bankrupt forecast model relating to the models of probability for Latvian enterprises. The authors assessed the precision of two models on the example of the selection of the small and medium sized enterprises of Latvia. The results of research demonstrated that logit model by Genriha, Petera and Voronova produces high level of precision of the assessment of bankruptcy probability and can be used in the assessment of following the going concern principle.