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Going concern – preparing financial statements

Financial statements are prepared on basis that a business will continue to operate for the foreseeable future ie, that it is a going concern. Our guidance outlines who is responsible for ensuring that the going concern basis is appropriate, offers practical advice on how to make this assessment, and explains the implications for the accounts.

Going concern considerations - a guide for IFRS reporters

This guide summarises management’s responsibilities for assessing going concern and the associated practical implications for financial reporting under IFRS.

Going concern considerations – a guide for FRS 105 preparers

Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.

Going concern considerations – a guide for FRS 102 preparers

Factors to consider when doing a going concern assessment and the practical implications for financial reporting.