# ASC 205-40-00: Presentation of Financial Statements — Going Concern — 00 Status Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/205/40/#00-status) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T22:54:09.829Z to 2026-09-09T22:54:09.829Z Record version: sha256:b5193c16b48ebb9ac8b017c6cebde1216197fbd01e6ae0a3be5a7fe969247ae5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-40-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/205/40/#00-status) SEC content: no ##### [205-40-00-1](https://asc.understandingaccounting.org/asc/205/40/#205-40-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:54:09.829Z to 2026-09-09T22:54:09.829Z Record version: sha256:12a2083f91e474572cb68521658426f78d237fdf44c4f0808e4e58f2ebafd8c7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Financial Statements Are Available to Be IssuedAddedAccounting Standards Update No. 2014-1508/27/2014
Financial Statements Are IssuedAddedAccounting Standards Update No. 2014-1508/27/2014
LiquidationAddedAccounting Standards Update No. 2014-1508/27/2014
Probable (2nd def)AddedAccounting Standards Update No. 2014-1508/27/2014
Substantial Doubt about an Entity's Ability to Continue as a Going ConcernAddedAccounting Standards Update No. 2014-1508/27/2014
205-40-05-1 through 05-3
AddedAccounting Standards Update No. 2014-1508/27/2014
205-40-05-3AmendedMaintenance Update 2016-11 (PDF)06/27/2016
205-40-15-1AddedAccounting Standards Update No. 2014-1508/27/2014
205-40-50-1 through 50-14
AddedAccounting Standards Update No. 2014-1508/27/2014
205-40-50-12 through 50-14
AmendedAccounting Standards Update No. 2025-1112/08/2025
205-40-50-12AmendedMaintenance Update 2016-11 (PDF)06/27/2016
205-40-50-13AmendedMaintenance Update 2016-11 (PDF)06/27/2016
205-40-55-1AmendedMaintenance Update 2016-11 (PDF)06/27/2016
205-40-55-1 through 55-3
AddedAccounting Standards Update No. 2014-1508/27/2014
205-40-55-3AddedAccounting Standards Update No. 2016-0202/25/2016
205-40-65-1AddedAccounting Standards Update No. 2014-1508/27/2014