The most recently compiled versions of Auditing Standards, original Standards and amending Standards (see Compilation Details) are available on the AUASB website: www.auasb.gov.au
Contact Details
Auditing and Assurance Standards BoardLevel 7, 600 Bourke StreetMelbourne Victoria 3000AUSTRALIA
Phone: (03) 8080 7400Fax: (03) 8080 7450E‑mail: enquiries@auasb.gov.auPostal Address:PO Box 204Collins Street WestMelbourne Victoria 8007AUSTRALIA
Period beyond Management’s Assessment................................A13-Aus A14.1
Additional Audit Procedures When Events or Conditions Are Identified...............A15-A18
Audit Conclusions and Reporting.......................................A19-Aus A19.1
Use of Going Concern Assumption Appropriate but a Material Uncertainty Exists...A20-Aus A24.2
Use of Going Concern Assumption Inappropriate................................A25-A26
Management Unwilling to Make or Extend Its Assessment....................A27-Aus A27.1
Other Considerations...................................................Aus A27.2
Conformity with International Standards on Auditing
[Aus] Appendix 1: Linking Going Concern Considerations and Types of Audit Opinions
[Aus] Appendix 2: Illustration of an Auditor’s Report on a General Purpose Financial Report—Modified Opinions due to Going Concern Considerations (Fair Presentation Frameworks)
[Aus] Appendix 3: Illustration of an Auditor’s Report on a General Purpose Financial Report—Emphasis of Matter Paragraph due to Material Uncertainties regarding Going Concern
COMPILATION DETAILS
Auditing Standard ASA 570 Going Concern (As Amended)
This compilation takes into account amendments made up to and including 1 July 2013 and was prepared on 1 July 2013 by the Auditing and Assurance Standards Board (AUASB).
This compilation is not a separate Auditing Standard made by the AUASB. Instead, it is a representation of ASA 570 (October 2009) as amended by other Auditing Standards which are listed in the Table below.
Table of Standards
Standard
Date made
Operative Date
ASA 570 [A]
27 October 2009
1 January 2010
ASA 2011‑1 [B]
27 June 2011
1 July 2011
ASA 2012-1 [C]
31 July 2012
1 July 2012
ASA 2013‑3 [D]
1 July 2013
1 July 2013
Table of Amendments
Paragraph affected
How affected
By … [paragraph]
A8
Amended
ASA 2011‑1 [42]
A12
Amended
ASA 2011‑1 [43]
[Aus] Appendix 2
Amended
ASA 2011‑1 [44]
[Aus] Appendix 2 and [Aus] Appendix 3
Amended
ASA 2011‑1 [45]
[Aus] Appendix 2 and [Aus] Appendix 3
Amended
ASA 2011‑1 [46]
[Aus] Appendix 3
Amended
ASA 2011‑1 [47]
[Aus] Appendix 2 and [Aus] Appendix 3
Amended
ASA 2011‑1 [48]
[Aus] Appendix 2 and [Aus] Appendix 3
Amended
ASA 2011‑1 [49]
[Aus] Appendix 1
Diagram replaced
ASA 2012-1 [4]
A2
Amended
ASA 2013‑3 [10]
A21
Amended
ASA 2013‑3 [11]
Aus A21.1
Amended
ASA 2013‑3 [12]
[Aus] Appendix 3
Amended
ASA 2013‑3 [13]
[A] Federal Register of Legislative Instruments – registration number F2009L04095,
27 October 2009
[B] Federal Register of Legislative Instruments – registration number F2011L01379,
27 June 2011.
[C] Federal Register of Legislative Instruments – registration number F2012L01671,
10 August 2012.
[D] Federal Register of Legislative Instruments – registration number F2013L01326,
1 July 2013.
AUTHORITY STATEMENT
Auditing Standard ASA 570 Going Concern (as amended to 1 July 2013) is set out in paragraphs Aus 0.1 to Aus A27.2 and [Aus] Appendices 1 to 3.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.