Going Concern – AASB

Date recorded:

At its meeting on September 8-9, 2022, the AASB discussed issues related to the IAASB’s project to revise ISA 570 (Revised), Going Concern. Key issues included: terminology; risk identification and assessment; management’s assessment of going concern; professional skepticism; and transparency about going concern in the auditor’s report.

Re­view the Ex­ec­u­tive Sum­mary on the AASB's Web site.

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