IFRS Foundation publishes educational material on going concern requirements

IFRS Foundation has published educational material to support consistent application of IFRS standards with respect to going concern assessments.

In the current stressed economic environment, resulting from COVID-19 pandemic, going concern assessments may require a greater degree of judgement than usual. This education material elaborates the requirements of IAS 1 Presentation of Financial Statements, with a focus on the interactions of the overarching disclosure requirements of IAS 1 with the specific going concern requirements.

The publication may be accessed here.