Market expects FASB exposure draft on going concern shortly

04/25/2013 | Compliance Week

The Financial Accounting Standards Board is expected to issue a proposal on how companies should disclose when their viability as a going concern is at risk. The exposure draft, which FASB indicated this year would be released in late March or early April, is expected to direct management to provide disclosures in financial statements that they more than likely will be unable to meet business obligations due to events or conditions.

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