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Home / News / Commentary / Compliance with GAAP isn’t discretionary, especially for distressed company disclosures (access required)

Compliance with GAAP isn’t discretionary, especially for distressed company disclosures (access required)

By Michael W. Phillips and Ryan M. Brown Disclosures regarding a company’s financial condition and ability to continue as a “going concern” are paramount to providing important and transparent information to the investing community. Speaking bluntly, if a business is in financial trouble, then management must say so to stakeholders. This is not optional; it is required ...

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