Going Concern – or not?
Challenges of going concern under Covid-19
Currently in the 2020 financial statement audit, due to Covid-19, many small and medium sized businesses face risks in valuing assets and liabilities to assess going concern. When does a going concern assumption need to be questioned?
Clifton Dowling, Principal at MERITUS Business Advisors, spoke candidly on this topic in his recent interview. He addressed entrepreneurs, accountants and tax advisors in particular and offers help in the form of a simple and free risk tool… (pdf ansehen)