Going Concern Considerations for Auditors

May 01, 2020
The  IAASB iave issued their official guidance on auditor considerations relating to going concern in light of changing environment due to the COVID-19 pandemic.

During the COVID-19 pandemic, audits should continue to comply with the required standards, which may necessitate different and enhanced considerations by auditors in the current circumstances. Auditors may need to consider developing alternative procedures to gather sufficient appropriate audit evidence to support their audit opinion, or to modify the audit opinion.

Resources have been assembled by the IAASB staff to help their stakeholders, and the larger accounting community, navigate some of the challenges ahead. 

You can access these resources here.