What, exactly, are net assets?
What, exactly, are net assets? ‘Alarm bell’ procedures in critical situations Christèle Parmentier, Partner BDO Accountancy A company’s board of directors is responsible for its financial situation. Among other things, this means that, should there be a critical decrease in the company’s net assets, the board must follow an ‘alarm bell’ procedure. But what, exactly, is meant by net assets? The Belgian Accounting Standards Commission (CNC-CBN) provides clarity in its opinion. In the event [...]