Question: Going concern (CAS 570) An entity is a Going concern if they have the ability to realize its assets and discharge its obligation in the

Going concern (CAS 570) An entity is a "Going concern" if

Going concern (CAS 570) An entity is a "Going concern" if they have the ability to realize its assets and discharge its obligation in the normal course of business It is a fundamental assumption in financial reporting The auditor is always looking for factors that may indicate this assumption is in doubt (in planning execution and the final stages of the audit). Questions: If going concern is in doubt what is the accounting ? If going concern is in doubt what is the audit impact

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