About this Course
The objective of ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern is to provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern, and to provide related footnote disclosures. This course addresses the interrelation of the new GAAP rules in ASU 2014-15 with the auditing standards found in AU-C 570. Upon completion of this course, the user should be able to: Identify the period of time for which the going concern assessment must be made under ASU 2014-15
Explain the measurement threshold that is used for management's assessment of going concern under ASU 2014-15