In financial reporting,the going-concern assumption.Is considered a negative proposition,because auditors traditionally assumed that this assertion is true unless there is evidence to the contrary.

Question

Quizplus · Accepted Answer

The going-concern assumption is considered a positive proposition, not a negative one. Auditors assume that a company will continue to operate in the foreseeable future unless there is evidence to the contrary.

In Financial Reporting,the Going-Concern Assumption