The International Auditing and Assurance Standards Board released additional information Thursday on its new going concern standard. The new Frequently Asked Questions document aims to support ...

TSX- and BSE-listed Lucara Diamond has said there is “significant doubt” about its ability to continue as a going concern, after a drop in diamond sales and increased reliance on limited ...

Kirkland's Inc. (NASDAQ: KIRK) reported disappointing Q4 results, with sales and profit decline, and warned of going concern. Stock down 10%.

The going concern concept in accounting assumes that a business will continue to operate indefinitely and will not be liquidated in the foreseeable future.

Why was there a doubt about going concern for Catheter Precision? The doubt arises from an audit opinion included in the company's Annual Report on Form 10-K for the year ended December 31, 2024.

According to the discussion paper, creditors recovered only 2.4% through going concern sales (75% of liquidation value). This was 3.7% via regular dissolution (101% of liquidation value).

India's bankruptcy rule maker recently proposed to drop the clause that allows keeping a company in liquidation as a going concern—essentially, a business that can operate and meet its ...

Spirit AeroSystems, a key supplier to US planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company would be able to continue as a going concern.

As the consultation period progresses, accounting firms are encouraged to consider how the proposed changes might affect their clients across different sectors. Industries particularly sensitive to ...

That’s where the ‘ going concern principle ‘ comes in. As auditors, we’re here to break down what this accounting concept means to you. Introduction Under the going concern basis of accounting, the ...