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One of the most essential elements of an audit is the determination of whether a client can continue as a going concern. This manual helps the auditor navigate through the going concern topic by covering all related accounting and auditing pronouncements and providing multiple disclosure examples. It also itemizes a number of best practices to improve the process of identifying going concern situations and evaluating management remediation plans.
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One of the most essential elements of an audit is the determination of whether a client can continue as a going concern. This manual helps the auditor navigate through the going concern topic by covering all related accounting and auditing pronouncements and providing multiple disclosure examples. It also itemizes a number of best practices to improve the process of identifying going concern situations and evaluating management remediation plans.