Going Concern — Key Considerations Related to Performing a
https://dart.deloitte.com/USDART/home/publications/deloitte/accounting-spotlight/2020/going-concern-assessment
WebJul 8, 2020 · Summary of the Going-Concern Accounting and Disclosure Requirements. Under U.S. GAAP, an entity’s financial statements are prepared under the assumption that the entity will continue as a going concern until liquidation is imminent (i.e., the “going concern basis of accounting”). Once liquidation is deemed imminent, an entity must …
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