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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?

Description : Issue 2008-28
Format : PDF
Size : 52.11KB
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"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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