ISA 570 Essentials: Going Concern Considerations for Auditors

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ISA 570 Essentials: Going Concern Considerations for Auditors

A group of diverse students using laptops and books in a library setting, studying together.

This course provides a practical overview of ISA 570 (Going Concern), focusing on the auditor’s responsibility in assessing an entity’s ability to continue as a going concern. It covers the identification of risk indicators, evaluation of management’s assessment, and appropriate audit responses, including reporting and disclosure requirements. Participants will develop the skills to assess cash flow projections, evaluate supporting evidence, and determine appropriate audit conclusions and disclosures.

CPD Points

7 CPD points will be awarded to those who have completed the course

Flexible Hours

Select your own learning time to complete the course

E-Certificate

E-certificate provided if needed by the staff when completed the course

Learning Outcomes

Upon completion of this course, participants will be able to:

Explain the key requirements of ISA 570 and the auditor’s responsibilities in assessing going concern.
Identify indicators of going concern uncertainty based on financial, operational, and external factors.
Evaluate management’s going concern assessment, including assumptions and cash flow projections.
Perform appropriate audit procedures to address identified going concern risks.
Determine appropriate audit conclusions and reporting implications, including disclosures and opinion modifications.