alleryStart learning →Going concern review looks ahead at least how far from the reporting date?
ATwenty-four months
BTwelve months
CEighteen months
DSix months or so
Answer & Solution
Correct answer: B. Twelve months
Management considers all available information about the future that covers at least twelve months from the end of the reporting period.
Keep practising Ind AS 1 Presentation of Financial Statements
Browse all Ind AS 1 Presentation of Financial Statements questions for CA Final, or explore more Financialreporting topics.
Related questions
If Ind AS rules are insufficient for users, what is added?In virtually all cases a true and fair view is achieved by what?How are items of dissimilar nature or function presented unless immaterial?Puttable instruments classed as equity need which outflow disclosed?What must be disclosed about externally imposed capital requirements?Capital disclosures follow information given to whom internally?A capital disclosure covers objectives, policies and what?Must estimation uncertainty disclosures include forecasts?