alleryStart learning →Which international auditing standard deals with the going concern basis?
AISA 315
BISA 700
CISA 570
DISA 200
Answer & Solution
Correct answer: C. ISA 570
ISA 570 (Revised) covers the auditor's evaluation of going concern and prescribes the reporting when material uncertainty exists.
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Related questions
Which is a noted limitation of accounting standards?Since which year have all listed EU companies been required to use IFRS?How is an accrued expense shown on the balance sheet?Accrued revenue appears on the balance sheet as which item?Which of these is a warning sign about an entity's ability to continue as a going concern?An auditor evaluates going concern for a period of at least how long after the date of theWhat may an auditor issue if management wrongly uses the going concern assumption?If an auditor doubts an entity can continue, what must the auditor's report do?