ISA 570 (Revised) - Going concern

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The concept of Going Concern lies at the heart of every audit. It reflects whether an entity can continue its operations for the foreseeable future without the intention or necessity of liquidation. ISA 570 (Revised) sets out the auditor’s responsibilities in assessing and reporting on this fundamental assumption.

This refresher course is designed for auditors and accounting professionals who want to strengthen their understanding of ISA 570 and stay current with its practical application. Through a mix of reading and video modules, you’ll revisit key concepts, explore management’s and the auditor’s responsibilities, learn how to evaluate Going Concern assessments, and understand the implications for audit reporting. You will also study cases, communication examples, and recent challenges that have affected Going Concern judgments, such as economic uncertainty and industry disruptions.