SAS 59 Section 341 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern

This section provides guidance to the auditor in conducting an audit
of financial statements in accordance with generally accepted auditing standards
with respect to evaluating whether there is substantial doubt about the
entity’s ability to continue as a going concern.1,2 Continuation of an entity as
a going concern is assumed in financial reporting in the absence of significant
information to the contrary. Ordinarily, information that significantly contradicts
the going concern assumption relates to the entity’s inability to continue
to meet its obligations as they become due without substantial disposition of
assets outside the ordinary course of business, restructuring of debt, externally
forced revisions of its operations, or similar actions.