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When the continued existence of an entity is imperiled, there is heightened concern about the recoverability and classification of recorded asset amounts and the amounts and classification of liabilities. This Statement provides guidance regarding the auditor's considerations when information comes to his attention that raises a question about an entity's ability to continue in existence.
Auditing -- Standards -- United States; Going concern (Accounting)
Accounting | Taxation
American Institute of Certified Public Accountants. Auditing Standards Board, "Auditor's considerations when a question arises about an entity's continued existence; Statement on auditing standards, 034" (1981). Statements on Auditing Standards. 33.