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Why did the FASB issue Accounting Standards Update 2014-15 concerning going concern? The FASB needed to update previous GAAP literature regarding going concern. The FASB

Why did the FASB issue Accounting Standards Update 2014-15 concerning going concern?

	The FASB needed to update previous GAAP literature regarding going concern.
	The FASB wanted to take over this area from the Audit profession.
	There was no guidance in GAAP regarding going concern and the FASB wanted to establish GAAP standards to conform to the standards in the audit literature.
	None of the above.

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