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28- Should the
financial statements of a financially
healthy entity be prepared on a basis
other than a going concern basis when
management intends to liquidate or to
cease trading or has no realistic
alternative but to do so?
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Description |
:
Issue 2008-28 |
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Format |
: PDF |
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Size |
: 52.11KB |
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Right click
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document. |
"FRSIC decided not to
take up the issue as the provisions in FRS 101
are clear.The preparations of the financial
statements must be made on the basis of going
concern unless management intends to liquidate
or to cease trading or has no realistic
alternative but to do so." |
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