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Going Concern Changes: Improved Early Warning?

August 28th, 2014 Posted by admin

The Financial Accounting Standards Board (FASB) issued an Accounting Standard Update (ASU) 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40).  ASU 2014-15 is effective for the annual period ending after December 15, 2016 and for annual and interim periods thereafter. Early adoption is permitted. Early Warning Part of the fallout of the mid-2000 financial crisis was a perception that […]

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