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FASB Returns to Revisit Going Concern

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At its board meeting yesterday, FASB decided to revisit its prior decisions on whether to define in the accounting literature (GAAP) how to assess and report on a 'going concern' decision, and will move forward on this project. Read more here [1].

Tags 
FASB [2]
Source URL: http://www.accountingweb.com/blogs/edith-orenstein/fei/fasb-returns-revisit-going-concern

Links:
[1] http://www.financialexecutives.org/KenticoCMS/FEI_Blogs/Financial-Reporting-Blog/May-2012/FASB-Returns-To-Going-Concern.aspx
[2] http://www.accountingweb.com/tags/fasb