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ASA 570 - Going Concern - December 2015
Significant Delay in the Approval of FinSignificant Delay in the Approval of Financial Report
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Significant Delay in the Approval of Financial Report
- If there is significant delay in the approval of the financial report by management or those charged with governance after the date of the financial report, the auditor shall enquire as to the reasons for the delay. If the auditor believes that the delay could be related to events or conditions relating to the going concern assessment, the auditor shall perform those additional audit procedures necessary, as described in paragraph 16 of this Auditing Standard, as well as consider the effect on the auditor’s conclusion regarding the existence of a material uncertainty, as described in paragraph 18 of this Auditing Standard.
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