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The FASB’s New “Going Concern” Reporting Rules: A Solution in Search of a Problem

April 13, 2015 by OSYB Staff

The issuance of ASU 2014-15 is just another example of the SEC’s abdication of any duty to promote high quality financial reporting.  If this terrible new requirement has been permitted to see the light of day, how can we be sure that the SEC staff is doing more than acting like paperweights? Read more. 

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