Recently, the FASB tentatively decided to require disclosure regarding a
substantial doubt about an entity's ability to continue as a
going concern. The FASB did not, however, decide to require the
early-warning disclosure that it had proposed in an Accounting
Standards Update issued in June 2013. The tentative single
threshold approach is consistent with existing auditing standards.
Generally, under existing auditing standards, the ability to
continue as a going concern requires an entity to determine that it
is able to meet its obligations as they become due for a period of
12 months.
The proposed update would have required the assessment of
certain early-warning disclosure criteria for a period of 24
months, and SEC filers would have had to assess whether there was
substantial doubt about the entity's ability to continue as a
going concern for a period of 24 months after the balance sheet
date. The FASB's tentative approach took into account the
feedback it
