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.