Point of view: Assessing going concern - Stakeholders would benefit from clarity in US disclosure requirements

December 2012
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Point of view: Assessing going concern - Stakeholders would benefit from clarity in US disclosure requirements

At a glance

Our new Point of View on Assessing Going Concern provides PwC's perspective on how going concern reporting can be made more transparent and timely.

Highlights

  • Stakeholders are requesting enhanced going concern disclosures.
  • Footnote disclosures would provide stakeholders with more transparency, enhancing their ability to evaluate the company's prospects.
  • Requiring companies to provide earlier and more frequent disclosures that provide more detail if conditions deteriorate will benefit stakeholders.
  • Changes to preparers’ disclosure requirements and the auditors' reporting model should be analyzed and executed in a coordinated fashion.