In 2023 the ISA 570 Going Concern standard was proposed to be revised. An exposure draft was issued for public comment ending in August 2023.
Going concern is a subject matter that will be relevant to every single audit engagement and these amendments will impact all auditors of financial statements.
The final revised ISA 570 standard becomes effective for financial years that start on or after 15 December 2026!
Introduce you to the new standard and simplify the requirements, so that you can seriously consider early adoption.
Help you draw parallels and understand differences when compared to the previous version of the standard, in order to know how you are to act differently in your capacity as auditor
Make the requirements as practical as possible by helping you visualise what needs to be done with real world examples from audit regulator inspection findings, where possible, including illustrative wording in audit reports.
The following aspects of the ISA 570 Going Concern (Revised 2025) will be identified, simplified and discussed:
