Go-Go and Co. Is preparing its financial statements for the year ended 12/31/2015. As of 12/31, the company's current assets are less than its current liabilities. The company is evaluating whether it must comply with the codifications going concern disclosure requirements, established in ASU 2014-15. Locate the codification topic that addresses this issue.

Explain whether disclosure of going concern issues is currently required for Go-Go and Co, considering provided for this topic. Next, explain whether such disclosure will be required for the company once this guidance becomes effective.