Page 5 - GOING CONCERN AND RELATED ISSUES
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GOING CONCERN AND RELATED ISSUES




                                   Going Concern (ISA 570)









            • Continuing in business for the foreseeable future,

                with neither the intention nor the necessity of


                liquidation, ceasing trading or seeking protection


                from creditors pursuant to laws or regulations.



            • Foreseeable future……?



            • GC – underlying basis of accounting per IAS 1 –


                assets and liabilities are recorded in the AFS on


                the basis that the entity will realise its assets and

                discharge its liabilities in the ordinary course of


                business.




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