Going concern

help accountants and auditors to resolve accounting issues. However one of the issues is the going concern assumption, which does not appear to take into account more serious risks that an enterprise may be associated with such as sustainability risks. The problem/Change One of the problems with the conceptual framework is that it does not address the principle of sustainability within its going concern assumption even in the recent Summary of Tentative Decisions related to the framework (IFRS 2017)

Case: Going- Concern Reporting. Refer to the mini-case “GM: Running on Empty” on page C11 and respond to questions 1– 6. 1. Reviewing GM’s financial information in GM Exhibit 1 and its stock price in GM Exhibit 2 , when do you first see signs of GM’s impending financial distress? 2. In referencing professional standards, what factors should auditors consider in evaluating potential going- concern uncertainties? 3. Considering your response to questions 1 and 2, do you believe that the going- concern

RESEARCH IN BUSINESS JANUARY 2012 VOL 3, NO 9 Audit Firm Size and Going-Concern Reporting Accuracy Dr. Daruosh Foroghi, PhD Faculty of Accounting Department of Accounting, University of Isfahan, Iran Amir Mirshams Shahshahani Graduate Student at Department of Accounting, Mobarakeh Branch, Islamic Azad Univeristy, Mobarakeh, Iran Abstract This study examines the association between measures of going-concern reporting accuracy and audit firm size of the companies listed in Tehran

We all have the ability to be compassionate towards others and forgive. Humans are born as narcissistic beings; from the moment of birth we are selfish to our own needs. Perhaps, it has survival value. We cry when we are hungry. We do not know or care that our parents might be busy, in a literal sense, we are capable only of thinking of and responding to our own needs. We are, as infants, not even capable of realizing that other people have needs, desires, or a life outside of us. As we grow up over

Empathy is defined as feeling for others and as the ability to understand the feelings, pains, or hardships of others as if they were your own. While some believe that empathy is a choice and can be manipulated by what we think about people from a certain, race, nationality, or group, others think that it is part of a person's personality, and is hard to change. Despite these differences in opinions, one thing is very clear. Empathy has many benefits that can help a person succeed in their academics

There are many ways that being empathetic can improve relationships between people and nations. Empathy gives people the ability to understand other people feelings. People who share empathy with others are understanding, helpful and open minded. Understanding each other's emotions can help keep a relationship strong and healthy. One way that empathetic can improve relationships between people is putting themselves in the other persons situation. When you put yourself in someone's shoes, you start

watching Star Trek: The Next Generation cultivates empathy. Empathy is a good that human beings ought to develop and having a sense of empathy is one of the best things in life. Empathy consists in the capacity to understand what another person is going through from their perspective. The reason that a sense of empathy is one of the best things in life is that it is impossible to have deep and meaningful relationships with others when we don't have empathy. Without empathy, we inevitably turn inward

insomniac, works odd hours sometimes and constantly finds himself flying all over for business trips and meetings. He, therefore, doesn’t see his wife and child. He tends to over analyzes everything. Which makes it harder not to prejudge people like going to the airport where he always scans for little brown guys. William has been a victim of racial profiling. The irony of the story is when he searches for these ‘little brown guys’, is “William himself was a little brown guy, so the other travelers

In the healthcare field, empathy is an essential trait. Without empathy, patients can get depressed and lose sight of their end goal. The image above illustrates how a patient is treated with facial expression of the individuals and cropping of the image. “The great gift of human beings is that we have the power of empathy," (Streep). Empathy is, in fact, so powerful that it has given strength to the weak and lack of empathy has weakened the strong. In a world full of blatant good versus evil and

with children giving treats to others. We are using an unselfish event and making for an ego boost. However, by doing so we need to become conscious of the world around us. As we develop more of an awareness we become more concerned about what is going on around us. Therefore, we carry guilt for simple things like throwing a cigarette on the ground, we may feel guilty for a bit, but we can always change our actions and help the world around us. Compassion is simple and uses common sense, it is humble