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Ethics & accountability · Calling out concerns to leadership

While preparing the year-end statements you conclude there's substantial doubt about the company's ability to continue as a going concern, but the CFO wants the disclosure left out because a financing round is close. What do you do?

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The going-concern assessment is a disclosure judgment governed by the standard, not by how the financing might go — hope of a raise doesn't erase substantial doubt that exists at the reporting date.…

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