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Going concern – preparing financial statements

Financial statements are prepared on the basis that a business will continue to operate for the foreseeable future i.e., 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.
Displaying 1-3 of 3 results
Exclusive Going concern considerations - a guide for IFRS reporters
  • Helpsheets and support
  • 06 Sep 2022
This guide summarises management’s responsibilities for assessing going concern and the associated practical implications for financial reporting under IFRS.
Exclusive Going concern considerations – a guide for FRS 105 preparers
  • Helpsheets and support
  • 06 Sep 2022
  • Corporate Reporting Faculty
Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.
Exclusive Going concern considerations – a guide for FRS 102 preparers
  • Helpsheets and support
  • 06 Sep 2022
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
Displaying 1-3 of 3 results

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