CTHRepealedLegislation
ASA 570 - Going Concern - October 2009
Other Considerations (Ref: Para. 22)Other Considerations (Ref: Para. 22)
Start here
Get a plain-English read of Other Considerations (Ref: Para. 22)
Turn the raw legal text into a practical explanation grounded in ASA 570 - Going Concern - October 2009.
Other Considerations (Ref: Para. 22)
Aus A27.2 An auditor is required under the Corporations Act 2001[*] (the Act) to notify the Australian Securities and Investments Commission (ASIC) if the auditor, when conducting an audit, becomes aware of certain circumstances specified in the Act. ASIC[#] provides guidance to help auditors comply with their obligations under the Corporations Act 2001, such as reporting suspected insolvent trading.