기업의 존속능력에 대한 감사

Auditing for an Entity's Continued Existence

On December 1991, 'the concept of continuation of entity as a going concern' in the Statement on Auditing Standards No. 59(hereafter SAS No.59) published in U.S.A. was introduced to the Korean Auditing Standards. The American Institute of CPA's auditing standard board(ASB) issued SAS No.59 to better serve financial statement users by requring auditors to evaluate going concern in all audits and to include an explanatory paragraph in the audit report when substantial doubt exists about any entity's ability to stay in business. SAS No. 59 replaces SAS No. 34. This new SAS increases the auditor's responsibility and clarifies what cannot be expected of auditors. Auditing is a behavior that decides and gives opinion about whether it is ap-propriate to the consented standards. Therefore simply memorizing institutional aspects do not good to auditing practice. This paper focuses on the evolution process of auditing shown in SAS No. 34 and SAS No. 59 to broaden understanding of auditors and people who work in the field of auditing.