Going Concern - AASB
Date recorded:
At its meeting on March 13-14, 2023, the AASB discussed issues related to the IAASB’s proposed revisions to ISA 570. Key issues discussed included: the IAASB’s proposed draft of ISA 570 (Revised), Going Concern; the conforming and consequential amendments; the exposure period; the effective date; the topics to be included in the IAASB’s explanatory memo; and the outreach plan to engage with interested and affected parties. The IAASB expects to approve an exposure draft at its March 2023 meeting. The AASB would then approve a Canadian exposure draft shortly thereafter.
Review the Executive Summary on the AASB's Web site.
