Attestation Update – A&A for CPAs

Technical stuff for CPAs providing attestation services

Posts Tagged ‘going concern

Going concern issues in SSARS 19 – part two

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Previous post introduced the issue of what to do when something comes to an accountant’s attention during a review or compilation that there is some uncertainty whether the client will be around for a year after the balance sheet date.

What to do if you find yourself in that situation?  Here is a casual translation of the SSARS description:

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Written by Jim Ulvog

March 30, 2011, 7:39 am at 7:39 am

Going concern issues in SSARS 19 – part one

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What should you do if it seems like there is a going concern issue on a review or compilation?

SSARS 19 discusses how to handle the situation when something comes to the accountant’s attention that there is some uncertainty about the organization’s ability to continue as a going concern for a reasonable period of time. 

Wow, how’s that for a sentence that begs for some definition?

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Written by Jim Ulvog

March 28, 2011, 10:35 am at 10:35 am