ISA (UK) 570

1 INTERNATIONAL STANDARD ON AUDITING (UK) 570 (REVISED) GOING CONCERN (Effective for audits of financial statements for periods commencing on or after 15 December 2019) CONTENTS Paragraph Introduction Scope of this ISA (UK) .. 1 Going Concern Basis of Accounting .. 2 Responsibility for Assessment of the entity 's Ability to Continue as a Going Concern .. 3 7 Effective Date .. 8 Objectives .. 9 Definitions .. 9-1 Requirements Risk Assessment Procedures and Related Activities .. 10-1 11-1 Evaluating Management's Assessment .. 12-1 15-1 UK Corporate Governance Code Reporting Statement on the Directors' Assessment of the Ongoing Viability of the entity .

10-1. When obtaining an understanding of the entity and its environment, the applicable financial reporting framework and the entity's internal control as required by ISA (UK) 315 (Revised June 2016),3 the auditor shall design and perform risk assessment procedures to obtain audit evidence that provides an appropriate basis for the

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  Understanding, Entity, Environment, The entity, The entity and its environment

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