Interpretation issued on reporting on uncertaintiec, including entity's ability to continue as going concern.

• Position: Accounting & auditing news - By Accounting and Review Services Committee - Brief article

The Accounting and Review Services Committee has issued Interpretation No. 29 to AR section 100. That interpretation, entitled "Reporting on an Uncertainty, Including an Uncertainty About an Entity's Ability to Continue as a Going Concern," provides accountants with guidance as to:

* How they may modify the standard compilation or review report when, during the performance of compilation or review procedures, evidence or information comes to the accountant's attention that there may be an uncertainty about the entity's ability to continue as a going concern for a reasonable period of time, not to exceed one year beyond the date of the financial statements being compiled or reviewed.

* What they should consider in deciding whether a report...