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Where to start with an Australian legal problem: plain-English guides, with the legislation and case law behind them.

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ASA 570 - Going Concern - October 2009

Use of Going Concern Assumption InappropUse of Going Concern Assumption Inappropriate

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If the financial report has been prepared on a going concern basis but, in the auditor’s judgement, management’s use of the going concern assumption in the financial report is inappropriate, the auditor shall express an adverse opinion. (Ref: Para. A25‑A26)

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