Financial crisis and corporate failure: The going concern assumption findings from Athens stock exchange
Financial crisis and corporate failure: The going concern assumption findings from Athens stock exchange
Corporate failure may be defined as the situation where a business unit becomes insolvent and progressively moves towards bankruptcy or into liquidation. The recent financial crisis has deteriorated dramatically the financial conditions in which the business units operate and has a significant impact on the companies that experience corporate failure. The going concern assumption constitutes a fundamental accounting principle for the preparation of financial statements and is even more important