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 "Operating Conditions" that may cast doub...

 "Operating Conditions" that may cast doubt about going concern assumption.

 "Operating Conditions" that may cast doubt about going concern assumption.

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Chiranjibi Aug. 16, 2018

The following are examples of operating events or conditions that, may cast significant doubt about the going concern assumption

  • Management intentions to liquidate the entity or to cease operations.
  • Loss of key management without replacement.
  • Loss of a major market, key customer(s), franchise, license, or principal supplier(s).
  • Labour difficulties.
  • Shortages of important supplies.
  • Emergence of a highly successful competitor.

 "Operating Conditions" that may cast doubt about going concern assumption.

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