Deloitte
Accounting Research Tool
...
Accounting Spotlight Newsletter

Going Concern — Key Considerations Related to Performing a Comprehensive Assessment (July 8, 2020)

Accounting Spotlight
July 8, 2020
Image cannot be displayed

Going Concern — Key Considerations Related to Performing a Comprehensive Assessment

Footnotes

1
For more information about financial reporting considerations related to COVID-19, see Deloitte’s Financial Reporting Alert, “Financial Reporting Considerations Related to COVID-19 and an Economic Downturn.”
2
For titles of FASB Accounting Standards Codification (ASC) references, see Deloitte’s “Titles of Topics and Subtopics in the FASB Accounting Standards Codification.”
3
Throughout this publication, the “date financial statements are issued” or “financial statement issuance date” also refers to the date financial statements are available to be issued.
4
The ASC master glossary states that probable refers to the fact that “the future event or events are likely to occur.”
5
The phrase “reasonably knowable” is intended to emphasize that an entity should make a reasonable effort to identify conditions and events that it may not readily know but would be able to identify without undue cost or effort.