About this course
The concept of Going Concern lies at the heart of every audit. It reflects whether an entity can continue its operations for the foreseeable future without the intention or necessity of liquidation. ISA 570 (Revised) sets out the auditor’s responsibilities in assessing and reporting on this fundamental assumption.
This refresher course is designed for auditors and accounting professionals who want to strengthen their understanding of ISA 570 and stay current with its practical application. Through a mix of reading and video modules, you’ll revisit key concepts, explore management’s and the auditor’s responsibilities, learn how to evaluate Going Concern assessments, and understand the implications for audit reporting. You will also study cases, communication examples, and recent challenges that have affected Going Concern judgments, such as economic uncertainty and industry disruptions.
ACCA are pleased to offer a 3-for-2 discount on this range of CPD. Add three Learnsignal ISA courses to your basket and get the cheapest free.
By completing this course, you will understand how to:
- define going concern and management’s responsibility
- perform risk assessment procedures related to going concern
- evaluate management’s forecast and assumptions
- form appropriate conclusions and reporting under uncertainty
- communicate going concern issues effectively.
Key information
- This refresher course assumes a basic understanding of auditing principles and is ideal for those who want to update their knowledge, improve judgment, and strengthen audit quality in practice.
- The course consists of video lectures, reading materials, quizzes and practical examples to enhance your understanding.
- CPD certificate is available upon successful completion of the course.
- Course produced by Learnsignal.
