FRC comments on IAASB Exposure Draft on ISA 570
08 Aug, 2023
The Financial Reporting Council (FRC) has responded to the International Auditing and Assurance Standards Board's (IAASB's) request for comments on its Exposure Draft on International Standards on Auditing (ISA) 570 'Going Concern'.
The FRC strongly supports the IAASB's proposed revision of ISA 570 to deliver a more robust process for auditing going concern matters that will help address performance gaps and support the public interest.
The FRC's full comment letter is available on the FRC website.
