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Does not states types of plan??
Saurav-Neupan-64814 - 08/5/2019, 3:20 am

.A3 FASB ASC defines substantial doubt about an entity's ability to continue as a going concern as follows:
"Substantial doubt about an entity's ability to continue as a going concern exists when conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued, when applicable). The term probable is used consistently with its use in topic 450 on contingencies".

Other financial reporting frameworks may use different terms that are similar to the concept of substantial doubt. For example, International Financial Reporting Standards (IFRS) use the terms material uncertainty and significant doubt. Also, other financial reporting frameworks may not use probable as their threshold. For example, IFRS uses "may cast significant doubt on the entity's ability to continue as a going concern."13 This section uses the terminology of FASB ASC and the GASB statements; if an audit is performed on financial statements prepared under another financial reporting framework, the requirements and application material may need to be adapted as necessary

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