Berufspolitik
Berufspolitik
8 September 2023

Statement:
Draft of the amended ISA 570 (Revised) Going Concern

In a letter dated April 4, 2023, the WPK submitted comments to the International Auditing and Assurance Standards Board (IAASB) on its draft of the amended ISA 570 (Revised) Going Concern.

The WPK informed about the most important changes compared to the existing ISA 570 under "New on WPK.de" dated June 7, 2023.

In principle, the WPK welcomes the proposed changes in its statement, but suggests further considerations regarding the following issues:

  • Postponement of the beginning of the period for the going concern assessment;
  • Explicit statement by the auditor in the auditor's report on the absence of material uncertainties;
  • Inadmissibility of including information not otherwise disclosed in the auditor's report;
  • Restriction of the description of the manner in which the auditor made the assessment of the going concern opinion to the audit of listed companies.
br

Downloads

All