PCAOB Going Concern

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November 11, 2014 at 2:11 am #189943

Anonymous
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Does the PCAOB standards limit the foreseeable future for a going concern consideration of up to twelve months of the Financial Statements date or the Audit Report date?

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November 14, 2014 at 10:01 pm #618396

Anonymous
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November 14, 2014 at 10:22 pm #618397

taxgeek83
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https://pcaobus.org/Standards/Auditing/Pages/AU341.aspx

Looks like “a reasonable period of time” is defined as 12 months or less.

Edit: I missed the crux of your question – sorry! Looks like it's one year from the date of the financial statements.

November 14, 2014 at 10:58 pm #618398

Anonymous
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Awesome, thanks.
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