The Financial Accounting Standards Board has issued a new accounting standards update to provide guidance on disclosing uncertainties about a business’s ability to continue as a going concern, while ...

Accounting and auditing standards for going concern achieved greater harmony Wednesday when the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 132, The Auditor’s ...

The American Institute of CPAs has released guidance to help CPAs deal with accounting issues related to two separate issues: going concern, and not-for-profit entities with for-profit subsidiaries.

"Going concern" is a commonly used term for a healthy business but it also is a core accounting principle. In accounting, a company is either a going concern or is not financially viable. This ...

A going concern qualification is typically issued by a company’s auditor regarding a substantial doubt about the company’s ability to continue operating in the foreseeable future.

If one phrase in an auditor report will spook an investor that they haven’t seen before, it is the so-called going concern opinion. Many auditors do not like to issue these going concern notices ...