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Technical

4 Things to Know About the New Going Concern Auditing Standard Logo aicpa

  Hiram Hasty |   Free |   AICPA |   08 Mar 2017 |   AICPA Insights

In light of changes to accounting standards in recent years, the AICPA Auditing Standards Board issued a new statement on auditing standards, SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern. This blog post discusses how the standard will help auditors plan and conduct their audits since it brings consistency and greater clarity to the treatment of this important topic.

Topics covered:
  • Assurance: Technical: Audit: Going concern, Foundational

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