April 2018
Beginner to intermediate
880 pages
28h 54m
English
| Source | Statement on Auditing Standards (SAS) 132. |
In February 2017, the Auditing Standards Board (ASB) issued SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern. SAS No. 132 supersedes SAS No. 126 and is effective for:
SAS No 132 is designed to converge the requirements of ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainty about an Entity's Ability to Continue as a Going Concern, and GASB Statement No. 56, Codification of Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards (GASB Statement No. 56).
SAS No. 132 changes are incorporated in this chapter.
Source: AU-C 570.11
Following are the requirements from several standards: