Section Going Concern and Significant Uncertaint - ASRE 2410 - Review of a Financial Report Performed by the Independent Auditor of the Entity - October 2009 - Going Concern and Significant Uncertainties (Ref: Para. A50‑A54)

Going Concern and Significant UncertaintGoing Concern and Significant Uncertainties (Ref: Para. A50‑A54)

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Going Concern and Significant Uncertainties (Ref: Para. A50‑A54)

If adequate disclosure is made in the financial report, the auditor shall add an emphasis of matter paragraph to the review report to highlight a material uncertainty relating to an event or condition that casts significant doubt on the entity’s ability to continue as a going concern.
If a material uncertainty that casts significant doubt on the entity’s ability to continue as a going concern is not adequately disclosed in the financial report, the auditor shall express a qualified or adverse conclusion, as appropriate. The report shall include specific reference to the fact that there is such a material uncertainty.
In circumstances other than a going concern problem, the auditor shall consider adding an emphasis of matter paragraph to highlight a significant uncertainty that is adequately disclosed in the financial report, that came to the auditor’s attention, the resolution of which is dependent upon future events and which may materially affect the financial report.
If a significant uncertainty (other than a going concern problem) is not adequately disclosed in the financial report, the auditor shall express a qualified or adverse conclusion, as appropriate. The report shall include specific reference to the fact that there is such a significant uncertainty.