07-16-2004, 02:11 AM
Thanks for the reply SMR
Actually I have not seen ICAPs guidance on Going concern. and I wanted to know if any guidance exists for the first year of trading. It appears the guidance addresses the issues encircling a company existing for x number of years.
thats why i asked whether in the first year of trading do you have responsibilities to address the going concern issue B4 the F/S have been prepared or/And b4 audit report is signed. Since I dont know the answer, to me its a grey area and I sometimes hate grey areas.
Mostly I live grey areas.
I have not read any posts from either Pervez or Guybrush for a long time. hope both of them were fine.
Actually I have not seen ICAPs guidance on Going concern. and I wanted to know if any guidance exists for the first year of trading. It appears the guidance addresses the issues encircling a company existing for x number of years.
thats why i asked whether in the first year of trading do you have responsibilities to address the going concern issue B4 the F/S have been prepared or/And b4 audit report is signed. Since I dont know the answer, to me its a grey area and I sometimes hate grey areas.
Mostly I live grey areas.
I have not read any posts from either Pervez or Guybrush for a long time. hope both of them were fine.