Revisions to audit standards- ISA 570 Going Concern

In response to calls to strengthen requirements following a number of high-profile enforcement cases and well-publicised corporate failures where the work of auditors has been brought into question, the Financial Reporting Council has revised its auditor standard on going concern - ISA (UK) 570.

In this session we will provide a detailed analysis of revisions to the FRC’s September 2019 standard on going concern, including:

  • The revised objectives of the revised ISA (UK) 570
  • Enhanced risk assessment procedures
  • Evaluating and challenging management’s assessment
  • Evaluating the sufficiency and appropriateness of audit evidence obtained
  • Auditor reporting requirements
  • Application to less complex entity audits
  • Documentation requirements

Changes are effective for audits of financial statements with periods commencing on or after 15 December 2019, with earlier adoption permitted.

CPD Course
New credit option for 2019

Our training courses credits could provide a more flexible payment option. Call 0116 258 1200 to find out more or visit our credits page.


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