IAASB Publication on Reporting Going Concern Matters in the Auditor's Report

Friday, November 4, 2022

As the AUASB and IAASB currently review the existing Auditing Standard relating to Going Concern (ASA 570), and auditors face challenging economic conditions which may result in an increased occurrence of Going Concern audit risks, this new publication from the IAASB describing common questions related to reporting going concern matters in the auditor’s report is a helpful tool.

The publication focuses on the use of and interrelationship of the Material Uncertainty Related to Going Concern and Key Audit Matters sections, and the Emphasis of Matter paragraphs, in an auditor’s report prepared in accordance with the Auditing Standards.

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