Those who know about such things tell us that the presidential debates are less about issues than about the candidates’ values and the principles that guide their actions. Debates are supposed to ...

A going concern is an accounting term that refers to a business’s ability to remain operating with available financial resources. A going concern is an accounting term that refers to a business’s ...

Editor’s note: This feature was prepared by the AICPA Center for Plain English Accounting. A new look-forward period, disparities with audit guidance, and a new triggering threshold are among the many ...

The COVID-19 pandemic caused an unprecedented amount of financial pressure for many businesses, and auditors will still be sorting out the risks clients face during this year’s audit engagements. Some ...

An accounting term that often comes up in the form of a warning when a company thinks it may have less than a year to live. The phrase strikes fear in the hearts of accountants. When a company ...

HUNT VALLEY, Md.--(BUSINESS WIRE)-- Omega Healthcare Investors, Inc. (NYSE:OHI) (the “Company” or “Omega”) today announced that it is revising its method of accounting for lease-related revenues of ...

U.S. companies would have to regularly assess their ability to continue as a going concern under a proposal issued on Wednesday by accounting rule-makers, an attempt to ensure investors get timelier ...

A going concern qualification is typically issued by a company’s auditor regarding a substantial doubt about the company’s ability to continue operating in the foreseeable future. A going concern ...

NEW YORK, Sept 23 (Reuters) - Despite the risks posed to companies by the global economic crisis, auditors in the last year were much less likely to issue "going concern" warnings than in previous ...