CEOs, CFOs, investor relations professionals and corporate board members should be concerned about the implications of FASB’s latest standard, ASU 2014-15 on Going Concern.
Click on the following link for the article: daily.financialexecutives.org
Doesn’t seem like such a problem to me if the decision is properly made and readers know what they are reading. But it does seem like there are a lot of accounting/auditing principle changes all of a sudden.
Dave Tate, CPA, Esq.