New auditing standard on going concern effective now

The requirements of SAS No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern, are effective for audits of calendar year end 2017 financial statements. Accordingly, auditors should be informed about and comply with SAS No. 132, which made changes to the auditor’s responsibilities regarding an entity’s ability to continue as a going concern. SAS No. 132 applies to all audits of a complete set of financial statements, regardless of whether the financial statements