Going Concern Considerations

Apr 24, 2020
The COVID-19 pandemic is having a significant impact on a large number of businesses.  In this period, going concern considerations are likely to be more topical for both preparers and auditors.

The Advocacy and Voice Team in the Institute has produced an article ‘Going Concern considerations for members preparing or auditing financial statements in the context of COVID-19’ (23 April 2020) to assist members involved in preparing and auditing financial statements, and to serve as a reminder of some of the requirements around going concern from an accounting and auditing perspective.