Brian Daugherty, Carol Callaway Dee, Denise Dickins, Julia Higgs
The CPA Journal,Vol. 86, Issue 1, Pages: 34.
Applicable to auditors as well, it proscribes,” The auditor has a responsibility to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern for a reasonable period of time, not to exceed one year beyond he date of the financial statements being audited [hereinafter referred to as,? a reasonable period of time'”[emphasis added].[…] the going concern criteria in ASU 2014-15 are less aligned with IAS 1 than when first proposed.