Page 107 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 107 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية1-identifies conditions that raise substantial doubt 2-making a judgment, about Significance of These conditions 3-Assessment of an entity’s ability to continue as a going concern and Appropriateness of going concern assumption4-Prepare the financial statementon proper 2. Management’s assessment of the entity’s ability to continue as a going concern involves making a judgment, about any conditions that raise substantial doubt about the entity’s ability to continue as a going concern 3. If management identifies conditions that raise substantial doubt about the entity’s ability to continue as a going concern, they should disclose in the footnotes: a) the principal conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern b) Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations c) discussion of management’s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.