The Governmental Accounting Standards Board (GASB) is in the midst of research involving whether the framework for going concern needs to be updated in light of many governments experiencing financial difficulty or oversight, but without the legal ability (or desire) to declare bankruptcy. In addition, the American Institute of CPAs (AICPA) has released new auditing standards (SAS-132) updating the attestation and auditing of going concern. Learn about these new projects from the experts.
Will this Ever End? New Developments Regarding Going Concern
Sunday, May 6, 2018 - 2:40pm to 3:30pm
Field of Study:
Accounting – Governmental