going concern

This topic has 1 reply, 2 voices, and was last updated 10 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
August 18, 2015 at 12:40 pm #267636
mansoor
Participant
- Topics: 423
- Replies: 541
if the client prepares the going assessment for less than 12 months and does not extend it to the 12 months upon auditor’s request .. what recourse does the auditor have?
August 18, 2015 at 5:08 pm #267656
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10661
Directors are required to assess going concern and auditors audit that assessment. If it is for less than the 12 months required then the auditors would have to qualify their report on the basis of insufficient appropriate audit evidence.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.