New auditing standards exposure drafts.

• Position: Aicpa

The AICPA has Issued two new exposure drafts. Including a proposal to update auditing standards surrounding going-concern evaluations;

* The AICPA's Auditing Standards Board released Proposed Statement on Auditing Standards, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern (http://Wt.iy/29MWZBB), which would supersede $A$ No. 126 and amend various sections of SAS No. 122, largely to accommodate the provisions of the different going-concern standards issued by the Financial Accounting Standards Board, the Governmental Accounting Standards Board and the International Auditing and Assurance Standards Board Comments are due Sept 5, and if approved, the new...