What is Going concern?
Also known as: going concern principle
The principle that financial statements are prepared on the assumption that the company will continue its operations in the foreseeable future. Under NAS No. 1, management assesses the ability to continue operations when preparing the statements; if it is aware of material events or conditions affecting this, it discloses them in the notes to the statements.
Source: 1-son BHMS, 18-band; IAASB: 570-son XAS (qayta ko'rilgan), Going Concern