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Auditing Standard ASA 570 Going Concern
Reporting to an Appropriate Authority OuReporting to an Appropriate Authority Outside of the Entity
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Reporting to an Appropriate Authority Outside of the Entity
- When the auditor considers including a separate section under the heading “Material Uncertainty Related to Going Concern” in the auditor’s report, or issuing a modified opinion in respect of matters related to going concern, the auditor shall determine whether law, regulation or relevant ethical requirements: (Ref: Para. A102–A105)
- Require the auditor to report to an appropriate authority outside the entity.
- Establish responsibilities or rights under which reporting to an appropriate authority outside the entity may be appropriate in the circumstances.