FASB’s Going concern standard becomes effective for annual periods ending after Dec 15, 2016. Listen in to hear Sarah Fitch, Guy Raymaker and Jim Gazley discuss the new standard and the related impacts on companies. In this podcast we answer commonly asked questions, such as: Why was the standard issued?, How does the new standard impact companies at each reporting period?, and What can companies do now to make sure they comply with the standard? | Duration 12:50
For more insight on this topic, please read our In depth: FASB defines management's going concern assessment and disclosure responsibilities.
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