Issues on Going Concern Uncertainty for an Entity that Exhibits Future Collapse

So why hide the truth. Two ethical dilemmas and their respective results and motivations that the auditor may not be able to report correctly are as follows (George E. Nogler 2008). Scenario 1: Entities that do not show signs of future collapse in the financial report Since the direct uncertainty of continuous business directly implies that creditors' debt can not be repaid within due time, the motivation for this situation is , That the company is afraid of being accused of creditors.

In August 2014, the FASB issued the 2014-15 accounting standard update focusing on financial statements (subtitle 205-40): Disclosure of the uncertainty of the ability of a company to continue as a concern of continuity ("ASU 2014-15"). ASU 2014 - 15 concerns management's assessment of whether there are conditions or events for overall consideration with serious doubt about the ability of the company to continue as a function of the financial statements (or within the financial statements) Providing guidance Within one year from the date of publication (if applicable), ASU 2014-15 also provides guidance on management evaluations of the requested disclosure ASU 2014-15 provides guidance on 2016 12 It is a revision of the fiscal year after 15th. Effective for period and mid-term

Sustainability is a term that means that in the near future, it will continue to operate over the next 12 months, as long as it generates or acquires sufficient resources for the company to operate. If the auditee does not continue, it means that a company may not be able to make a living in the next 12 months. Before issuing the report, the auditor must consider the continued work of the auditee. In the event that the auditee is continuing the work, the auditor will not modify the report in any way. However, if the auditor believes that the auditee is not currently in progress or that he / she will not continue the work in the near future, the auditor must include the explanatory paragraph before or after the review paragraph. The report explains the situation, which is often referred to as concern concern concern. This view is called "unrestricted fix"

The future relates to many uncertainties, human nature is an unfavorable risk. The main concern of mankind is to respond to unexpected possibilities and secure future sources of funding. A more decisive approach is to participate in a savings plan that will help ensure future expenditures. In addition, these savings attract some attention and are therefore also a form of investment. Therefore, this is a source of stress and asks parents to consider not paying tuition fees at the expense of future savings. Many governments have plans to support and encourage workers to participate in rescue activities. In many countries, the government complements people's contribution to future savings plans through social institutions.