Going concernForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Going concernThis topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts May 28, 2015 at 5:00 pm #249922 kasiaParticipantTopics: 24Replies: 17☆Dear Sir,In regards to going concern could you please explain to me what it means ‘adequate disclosure’?The answer says ‘ If the disclosures are adequate then the audit report will be unmodified.If the disclosure made by management are not adequate the audit report will need to be modified’. May 28, 2015 at 5:09 pm #249928 Ken GarrettKeymasterTopics: 10Replies: 10414☆☆☆☆☆For example, if the client is negotiating a new loan to run from sometime in the new year, going concern could well depend on that, so that should be disclosed.Adequate disclosure refers to any doubts that there might be about going concern.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In