SSARS No. 24 - New going concern responsibilities in reviews

Statement on Standards for Accounting and Review Services (SSARS) No. 24, Omnibus Statement on Standards for Accounting and Review Services—2018, issued in May 2018, introduces important changes to the SSARS literature, particularly regarding responsibilities for going concern in review engagements. These changes should not be overlooked, notwithstanding the less than sensational title of SSARS No. 24. The amendments made by SSARS No. 24 are effective for compilations and reviews of financial statements for periods ending on or after June 15,