Live Webinar (if a future date is listed) with Q&A
The Recording of the Event
Supporting Materials
As the state funeral of Her Majesty Queen Elizabeth II takes place on Monday 19thSeptember 2022, this webinar has been postponed and will now take place on 31st October 2022 from 10am – 12pm.
Objectives
The going concern assumption impacts on the presentation of the financial statements and further disclosures may be required where a material uncertainty exists. Auditors must comply with the requirements in ISA 570 Going concern and ensure sufficient and appropriate evidence supports management’s assumption. The coronavirus pandemic has affected many businesses and potentially increases going concern risks for many entities. This webinar will cover the principal requirements for auditing going concern and the responsibilities of the auditor, complying with the revised ISA 570. It shall consider some of the challenges auditors may face.
The webinar will also examine ISA 700 Forming an Opinion and Reporting on Financial Statements, and other relevant ISAs, as well as FRC / ARGA guidance issued recently.
Key Topics
The practical approach to complying with ISA 570
ISA 700 Forming an Opinion and Reporting on Financial Statements
Indicators of potential going concern issues and practical audit procedures
An overview of the types of modified audit opinions
Additional disclosures in the Independent Auditor’s Report which are not modifications of the audit opinion, including key audit matters, and disclosures in relation to going concern
The audit report wording
Possible audit areas impacting the audit opinion in these current times
Who Should Attend?
This webinar is aimed at all levels of staff involved in auditing financial statements
