This paper concerns the issue of the financial sustainability of a corporation within the conditions of risks and opportunities. The paper also sheds light the possibilities of bankrupt corporations. The financial sustainability issue becomes acute and critical when it comes to the global level of competition within an industry. Therefore, the purpose of the research is to identify, analyze, and categorize the possible steps to develop the financial sustainability of a company and study the possible risks, which are likely to encounter. In such systemic approach, it would be easier to predict the weaknesses and deal with them in the most successful manner. Hence, the paper aims also to employ the qualitative methods of research to analyze the scholar literature devoted to this topic. The experiences of the scholars proficient in finance would surely provide a clear vision of how the business stakeholders in financial climate assess, control, and maintain sustainability in order. Thus, one of the proposed approaches in this paper properly shapes the decision-making process united with the audits to monitor the development of the firm’s financial situation.