ASA 570 - Going Concern - April 2006
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Introduction
4 The purpose of this Auditing Standard is to establish mandatory requirements and to provide explanatory guidance on the auditor’s responsibility in the audit of a financial report with respect to the going concern assumption used in the preparation of the financial report, including considering management’s assessment of the entity’s ability to continue as a going concern.
5 When planning and performing audit procedures and in evaluating the results thereof, the auditor shall consider the appropriateness of management’s use of the going concern assumption in the preparation of the financial report.