PwC comments on AICPA's proposed standard on going concern

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Comment letter , PwC US Sep 02, 2016

PwC supports the proposed standard to clarify the auditor’s responsibility when assessing going concern.

Overview

PwC submitted a comment letter on the AICPA’s proposal of a new auditing standard on auditor’s consideration of an entity’s ability to continue as a going concern. We support changes to clarify the auditor’s responsibility in response to ASU 2014-15 released by the FASB. We appreciate the opportunity to comment on the proposed standard. In our letter, we offer suggestions for the Board’s consideration as it moves to the next phase of this project.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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