IAASA has issued a consultation paper seeking the view of stakeholders regarding IAASA's proposal to issue a revised version of ISA (Ireland) 570
Going Concern.
The consultation paper
can be accessed here.
The accompanying Exposure Draft, Proposed ISA (Ireland) 570 (Revised),
can be accessed here.
The changes proposed are currently under consultation by the Financial Reporting Council (FRC), which
can be found here.
IAASA supports the proposed amendments, noting their importance in supporting an enhanced focus by auditors on going concern. IAASA believes that they represent an improvement to the current ISA (Ireland) 570 and will lead to improvements in audit quality.
Stakeholders and interested parties are invited to provide responses by email only to
submissions@iaasa.ie no later than 5pm on Friday 28 June 2019.
Published: 3 May 2019.
Source: Irish Auditing and Accounting Supervisory Body.
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