Resulting from its Clarity Project, the AICPA Auditing Standards Board (ASB) issued SAS No. 126,The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern (Redrafted).
The ASB moved forward with the clarity redraft of SAS No. 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern, as amended, so that it is consistent with the format of the other clarified SASs that were issued as SAS Nos. 122–125. However, the ASB