New FAQ for Reporting Going Concern

16 August 2022
Auditing and Assurance
South African Accounting Academy

This document was published to address some of the common questions related to reporting going concern matters in the auditor’s report.

Specifically, the publication focuses on the use of and interrelationship of the Material Uncertainty Related to Going Concern and Key Audit Matters sections, and the Emphasis of Matter paragraphs, in an auditor’s report prepared in accordance with the International Standards on Auditing (ISAs).

Click here to download the FAQ document:

https://www.ifac.org/system/files/publications/files/IAASB-Going-Concern-Frequently-Asked-Questions.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

As an accountant, auditor and independent reviewer, you need to be aware of and consider the information contained in publications by various professional bodies – so that you can apply this in the performance of your duties.

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