Entity S Ability To Continue As A Going Concern
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Standard on Auditing (SA) 570 (Revised), Going Concern
kb.icai.orguncertainty about the entity’s ability to continue as a going concern in an auditor’s report cannot be viewed as a guarantee as to the entity’s ability to continue as a going concern. Effective Date 8. This SA is effective for audits of financial statements for periods beginning on or after April 1, 2017. Objectives 9.
The Auditor’s Consideration of an Entity’s Ability to ...
us.aicpa.orgAn Entity’s Ability to Continue as a Going Concern 811 AU-CSection570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (SupersedesSASNo.126.) Source:SASNo.132;SASNo.134;SASNo.136. Effective for audits of financial statements for periods ending on or afterDecember15,2017,unlessotherwiseindicated. …
Technical Factsheet 187 - ACCA Global
www.accaglobal.comassessment of the entity’s ability to continue as a going concern. An entity is a going concern unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management takes into account
G5INTERNATIONAL STANDARD ON AUDITING 570 GOING …
www.ifac.orgassess the entity’s ability to continue as a going concern even if the financial reporting framework does not include an explicit requirement to do so. 5. Management’s assessment of the entity’s ability to continue as a going concern involves making a judgment, at a particular point in time, about inherently
INTERNATIONAL STANDARD ON AUDITING 570 …
www.ifac.orgmay cast significant doubt on the entity’s ability to continue as a going concern. 11. The auditor shall remain alert throughout the audit for audit evidence of events or conditions that may cast significant doubt on the entity’s ability to continue as a going concern. (Ref: Para. A7) Evaluating Management’s Assessment 12.
Presentation of Financial Statements— Going Concern ...
www.fasb.orgentity’s ability to continue as a going concern for a reasonable period of time (The Codification of Financial Reporting Policies, Section 607.02). The Board received input indicating that because of the lack of guidance in GAAP and the differing views about when …
Going concern—a focus on disclosure - IFRS
www.ifrs.orggoing concern basis may therefore involve a greater degree of judgement than is usual. Most stakeholders are familiar with the specific discussion of going concern and related requirements in IAS 1 Presentation of Financial Statements to disclose material uncertainties relating to an entity’s ability to continue as a going concern.
Going Concern Evaluation Checklist - Moss Adams
www.mossadams.comGoing Concern Evaluation Checklist This five-step checklist is intended to provide an example of questions for management to consider when performing its evaluation of an entity’s ability to continue as a going concern.