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.
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