✉news BusinessFinance first seen 14 h ago, last 5 h ago, peak #3
Going concern: what CPAs in audit and finance need to know
Original: Going concern: What CPAs in audit and finance should know
The Journal of Accountancy has published guidance for CPAs working in audit and finance on going concern assessments, the evaluation of whether a company can continue operating for the foreseeable future. The piece outlines what auditors and finance professionals should understand about the relevant standards, red flags, and disclosure requirements when a client's ability to continue as a going concern is in doubt.
Why now: Auditors and finance professionals are looking for practical guidance on applying going concern standards, likely amid economic uncertainty putting more companies at risk.
Journal of AccountancyCPAsAmerican Institute of CPAs
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- Going concern: What CPAs in audit and finance should know · Journal of Accountancy
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