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AICPA issues SAS 132

  • AICPA (American Institute of CPAs) Image

Feb 23, 2017

The AICPA’s Auditing Standards Board has published Statement on Auditing Standards (SAS) No. 132, “The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern.”

SAS 132 provides guidance on an “auditor’s responsibilities in the audit of financial statements relating to the entity’s ability to continue as a going concern and the implications for the auditor’s report.” The new guidance will be effective for audits of financial statements for periods ending on or after December 15, 2017.

For more in­for­ma­tion, see SAS 132 on the AICPA’s Web site.

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