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Standard on Auditing (SA) 570 (Revised), Going Concern
uncertainty about the entity’s ability to continue as a going concern in an auditor’s report cannot be viewed as a guarantee as to the entity’s ability to continue as a going concern. Effective Date 8. This SA is effective for audits of financial statements for periods beginning on or after April 1, 2017. Objectives 9.
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us.aicpa.orgAn Entity’s Ability to Continue as a Going Concern 811 AU-CSection570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (SupersedesSASNo.126.) Source:SASNo.132;SASNo.134;SASNo.136. Effective for audits of financial statements for periods ending on or afterDecember15,2017,unlessotherwiseindicated. …
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www.ifac.orgassess the entity’s ability to continue as a going concern even if the financial reporting framework does not include an explicit requirement to do so. 5. Management’s assessment of the entity’s ability to continue as a going concern involves making a judgment, at a particular point in time, about inherently
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