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#going-concern

Governance

NFRA SA 570 Going Concern Guidance: Six Outcomes for Audit Committees

NFRA's sixth Auditor–Audit Committee note sets out six going-concern situations and the audit report outcome each one produces, plus 35 questions audit committees should be ready to put to their statutory auditor. The row that decides qualified versus adverse is the adequacy of the disclosure, not the accounting conclusion.

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