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Technical

New challenges in a delicate process: Difficulties presented by FASB's going-concern standard

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Kristy Illuzzi, CPA, CGMA | Free | AICPA | 01 Mar 2015 | Journal of Accountancy

Going concern
Foundational
Article

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FASB’s new going-concern standard creates many challenges for CPAs to consider. The Center for Plain English Accounting examines the new look-forward period, disparities with audit guidance, and a new triggering threshold.

Topics covered:

Financial accounting & reporting: Technical: FASB financial accounting & reporting: Going concern, Foundational
Financial accounting & reporting: Technical: FASB financial accounting & reporting: Going concern, Intermediate
Assurance: Technical: Audit: Going concern, Foundational
Assurance: Technical: Audit: Going concern, Intermediate

Technical

New challenges in a delicate process: Difficulties presented by FASB's going-concern standard

Comments/Reflections

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