Learn what “going concern” means, how it affects financial reporting and audits, and the signs that may show a business could ...

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.

The Governmental Accounting Standards Board has appointed a new task force to help GASB deal with going concern uncertainties and severe financial stress disclosures. Processing Content The project ...

"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 ...