FASB Opts Not to Propose Qualitative Disclosures on Going Concern, in Upcoming ED on Liquidity, Interest Rate Risk

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As reported last week by Ken Tysiac in the AICPA's Journal of Accountancy: "FASB decided Wednesday that it will not require qualitative disclosures about an entity’s ability to remain a going concern that would supplement the proposed quantitative disclosures about liquidity risks."
 

Want to know more about FASB's upcoming Exposure Draft on disclosure of liquidity risk and interest rate risk? Read more here.

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