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Hi mike,
A query, could an uncertainity on going concern be put up as a business risk? Up to what extent? I obviously cant include financial data, can i?
The following paragraph is an extract from the technical article reference:
“Business risks include risks that could reduce the company’s profit and/or cash inflows, and could ultimately mean that either a company is not a going concern, or that there are significant doubts over its ability to continue as a going concern. Identification of this heightened risk at this initial stage in the audit cycle means that additional audit procedures can be planned as a response to the specific risks identified.”
I believe that that answers your question
OK?
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