IAASB staff alert on going concern
Jan 24, 2009
The unexpected severity, speed, and consequences of the credit crisis present unique challenges for management and auditors in assessing an entity's ability to continue as a going concern. To help auditors, management, and those charged with governance in addressing those challenges, the staff of the International Auditing and Assurance Standards Board (IAASB) has released a new practice alert entitled Audit Considerations in Respect of Going Concern in the Current Economic Environment.
- IAASB Staff Alert (PDF 184k)
- Press Release (PDF 20k)
- International Auditing and Assurance Standards Board (IAASB)