Going Concern Evaluation Checklist - Moss Adams

Going Concern Evaluation Checklist This five-step Checklist is intended to provide an example of questions for management to consider when performing its Evaluation of an entity s ability to continue as a Going 1: Document conditions and eventsHave you documented all conditions and events, both positive and negative, that are relevant to the entity s ability to continue as a Going Concern ?o YES o NO o N/ADiscussion Points Relevant conditions and events should include all such items that are known and reasonably knowable. Example conditions and events include: Current financial condition Liquidity sources Conditional and unconditional obligations Expected cash flows Legal proceedings Relationships with key vendors and customersRelevant Accounting Standard CodificationASC 205-40-50-5 When evaluating an entity s ability to meet its obligations, management shall consider quantitative and qualitative information about the following conditions and events, among other relevant conditions and events known and reasonably knowable at the date that the financial statements are issu

Going Concern Evaluation Checklist This five-step checklist is intended to provide an example of questions for management to consider when performing its evaluation of an entity’s ability to continue as a going concern.

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