IndiaFilings / Learn / Going Concern Assessment Amidst Covid 19
Going concern assessment amidst COVID-19 - IndiaFilings Last updated: June 2nd, 2020 3:15 AM

Going concern assessment amidst COVID-19

The financial statements are prepared on the assumption that the entity is a going concern and will continue its operations during the foreseeable future. Notably, an entity is assumed to be a going concern in the absence of any contrary, significant status quo. Various aspects affect an entity