The accounting standards state that management is responsible to evaluate the entity's ability to continue as a going concern within one year after the date the financial statements are issued.

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This is a requirement under the accounting standards, as stated in the International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP). Management must assess the entity's ability to continue as a going concern and provide disclosures in the financial statements if there is any significant uncertainty regarding the entity's ability to continue operating for at least one year after the date the financial statements are issued.

The Accounting Standards State That Management Is Responsible to Evaluate