These vulnerabilities continue to shine a bright light on management’s responsibility for its going concern assessment. This Handbook provides an in-depth look at management’s going concern assessment.

Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity’s …

The Standard defines going concern by explaining that financial statements are prepared on a going concern basis unless management either intends to liquidate the entity or to cease trading, or has no …

Going Concern Evaluation Checklist This five-step checklist is intended to provide an example of questions for management to consider when performing its evaluation of an entity’s ability to …

The International Accounting Standards Board (the IASB) has identified going concern as a potential agenda item to be covered in its upcoming agenda consultation, for which it plans to publish a …

Our related Handbook, Going concern, provides an in-depth look into management’s going concern assessment and answers many questions that have arisen in our continued practical experience with …

We can use going to to talk about our future plans. I’m... You’re... He’s/She’s/It’s... We’re... They’re... + going to + verb 2. Make it right! Find the mistake, underline it and write it correctly.