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When Going Concern Fails: How to Report and Disclose Under IFRS

Few moments in corporate reporting carry as much weight as declaring that an entity is no longer a going concern. This decision signals to investors, creditors, and regulators that liquidation or cessation is inevitable. It is also one of the most challenging judgments for management and boards—one that must be communicated with clarity, precision, and...

Close Call Scenarios: How to Disclose Risks Without Spooking Investors

Few areas in financial reporting are as delicate as “close call” going concern scenarios. These situations occur when significant uncertainties exist, but management concludes that the entity can continue as a going concern—often due to mitigating actions such as refinancing plans, cost reductions, or operational turnarounds. The challenge? Striking the right balance between transparent disclosure...

Making Judgment Calls Visible: Why Transparency in Financial Reporting Matters

Every set of financial statements tells a story—but in times of uncertainty, stakeholders want to know more than just the numbers. They want to understand the judgments behind those numbers. For CFOs and boards, the challenge is balancing compliance requirements with clear communication that builds trust. Recent updates to IFRS and auditing standards underscore this...

Transparency Under Uncertainty: How to Communicate Material Risks Effectively

When uncertainty looms, transparency becomes a critical currency in building investor trust. Financial reporting is not just about numbers—it’s about telling the story behind those numbers, especially when the organization’s ability to continue as a going concern comes into question. With IFRS updates and heightened scrutiny from stakeholders, boilerplate disclosures are no longer acceptable. Today’s...

From IAS 1 to IAS 8: What the Shift Means for Going Concern Disclosures

The recent changes introduced by IFRS 18 represent more than a technical reshuffle—they reflect a broader evolution in financial reporting transparency. One of the key updates is the relocation of going concern requirements from IAS 1, Presentation of Financial Statements, to IAS 8, Basis of Preparation of Financial Statements. While the fundamental principles of going...

Navigating Going Concern in 2025: Disclosure, Judgement, and IFRS Updates

In an era of heightened market volatility and regulatory transformation, assessing whether an entity remains a going concern is more than a compliance exercise—it’s a cornerstone of financial integrity. The decision influences how financial statements are prepared and what disclosures are communicated to stakeholders. Recent updates to IFRS Accounting Standards and the International Standards on...

Consolidated and Separate Financial Statements: Aligning SMEs with IFRS 10

The 2025 edition of the IFRS for SMEs Accounting Standard introduces significant updates to Section 9: Consolidated and Separate Financial Statements. These revisions are designed to align the concept of control with IFRS 10 Consolidated Financial Statements while maintaining the simplified framework suitable for SMEs. For many small and medium-sized entities, understanding when and how...

Statement of Cash Flows under the New IFRS for SMEs: What’s Changed?

The statement of cash flows is a cornerstone of financial reporting, providing critical insight into an entity’s liquidity and financial health. With the 2025 update to the IFRS for SMEs Accounting Standard, significant enhancements have been introduced to improve transparency and comparability in cash flow reporting for small and medium-sized entities (SMEs). These changes are...

IFRS for SMEs 2025 Update: Key Changes and Why They Matter

The International Accounting Standards Board (IASB) has released the third edition of the IFRS for SMEs Accounting Standard on 27 February 2025, marking a significant milestone for small and medium-sized entities (SMEs) worldwide. This update introduces critical enhancements to align the Standard with recent developments in full IFRS Accounting Standards while preserving its fundamental objective:...

Technology and IFRS 18: Why Digital Transformation is Critical for Compliance

IFRS 18 – Presentation and Disclosure in Financial Statements is not just a technical accounting update—it’s a structural transformation in financial reporting. While it doesn’t alter recognition or measurement rules, the standard introduces new categories, mandatory subtotals, and enhanced disclosure requirements that will significantly impact data management, reporting systems, and internal processes. To comply effectively,...

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https://www.dawgen.global/wp-content/uploads/2023/07/Foo-WLogo.png

Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
https://www.dawgen.global/wp-content/uploads/2019/04/img-footer-map.png
Dawgen Social links
Taking seamless key performance indicators offline to maximise the long tail.

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© 2024 Copyright Dawgen Global. All rights reserved.