Kraig Biocraft Laboratories Inc (KBLB)

[faithabides]

No you are wrong.

“Under previous guidance, the rules regarding going concern disclosures were included in the auditing literature, not in the accounting rules. The auditor still has an important role to play in auditing going concern disclosures under the new standard, but the FASB standard now places the disclosure responsibility on management. Auditors will now review these disclosures along with other evidence as part of their audits.”