Skip to main content

Going-Concern Principle

Go Search
New Atlas
Atlas, A-Z
Atlas Maps
MPP/MPA Programs
Core Topics
Illustrative Courses
Topic Encyclopedia
Concept Dictionary
Career Tips
Best Practices Project

PPGPortal > Home > Concept Dictionary > F, G, H > Going-Concern Principle

Going-Concern Principle

GAAP principle that involves assuming that the numbers reported on an audited financial statement are those of an organization that will continue in business for the foreseeable future.

(Graham, Andrew. 2007. Canadian Public-Sector Financial Management. Kingston, ON: School of Policy Studies, Queen’s University; Montreal: McGill-Queen’s University Press.)


Important Notices
© University of Toronto 2008
School of Public Policy and Governance