1) under ISA 570 going concern, obtain sufficient appropriate audit evidence about appropriateness by of management’s use of the going concern assumption in the preparation of the financial statements by undertaking appropriate substantive procedures 2) consider whether going concern assumption is adequate...
The provisions in ISA 570, Going Concern deal with the auditor’s responsibilities in relation to management’s use of the going concern basis of accounting in the preparation of the financial statements. The concept of going concern An entity prepares financial statement...
ISA 570 (Revised) Going Concern, contains well-established guidance on going concern, including the following objectives for the auditor: to obtain sufficient appropriate audit evidence regarding, and conclude on, the appropriateness of management's use of the going concern...
ISA 570 does not suggest a hierarchy of these indicators, because they are only examples of events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern (GC), nor does it suggest specific ratios. To this end, an...
F8审计报告变化:GOING CONCERN F8审计报告变化:GOING CONCERN REPORTING IN LINE WITH ISA 570, GOING CONCERN Exam questions might ask the candidate to recognise indicators that an entity may not be a going concern, or require candidates to arrive at an appropriate audit opinion depending on the ...
ISA 570 Going concern discusses the procedures the auditor should follow in this scenario. Although the audit opinion in the auditor's report may be modified ultimately, the auditor would not take this action before obtaining sufficient evidence on which to base his decision. 统计:共计3人答过,...
讲义教程案例讲稿going concern.pdf,GOING CONCERN The Paper P7 examiner describes the additional guidance given for ISA 570, Going Concern The recent global economic crisis, commonly referred to as the credit crunch, has provided many challenges for both t
ISA 570 Going concern identifies s and conditions that may cast doubt about the going concern assumption. Which of the following are identified by ISA 570 as financial factors?(1) Loss of key customers(2) Net liability position(3) Substantial operating losses(4) Shortages of key raw materials...
This study aims to investigate what is the users’ opinion about IAASBs new audit reporting proposals regarding the revision of the ISA570 – Going Concern. This proposal comes after several scandals related to audit reporting on going concern have decreased user confidence in the audit profession....
ISA 570 (Revised) Going Concern, contains well-established guidance on going concern, including the following objectives for the auditor: to obtain sufficient appropriate audit evidence regarding, and conclude on, the appropriateness of management's use of the going concern ...