The “going concern” question: What it means for your organization
$225.00
Description
Abstract: GAAP requires nonprofit management to evaluate whether there’s “substantial doubt” about a nonprofit’s ability to continue as a going concern — meaning it won’t soon liquidate its assets and cease operations. And accounting standards require a going-concern evaluation for annual financial reporting periods, as well as for interim periods within these annual periods. This article addresses management responsibilities, disclosure requirements, and plans to lessen “substantial doubt.”
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