Page 9 - GOING CONCERN AND RELATED ISSUES

GOING CONCERN AND RELATED ISSUES

Auditor’s responsibility

• There responsibilities per ISA 570 par 06;

• Obtain sufficient appropriate audit evidence and

conclude on appropriateness of management’s use of

the GC assumption.

• Concluded, based on evidence obtained regarding

material uncertainties regarding events or conditions

that may cast significant doubt on the GC.

• Can an auditor provide any guarantee about an entity’s

ability to continue as a GC?

9