Sitting for AUD next January? SAS No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern is a standard that applies to all audits of a complete set of financial statements, including financial statements prepared in accordance with a general purpose or a special purpose framework. It will become testable on the CPA exam January 1, 2018.
On 1/24/2015, the AICPA Auditing Standards Board (ASB) issued four auditing interpretations to address issues related to the Statement on Auditing Standards No. 126.