IFAC Staff Audit Practice Alert for evaluating the appropriateness of management’s use of the going concern basis of accounting during the COVID-19 pandemic

IFAC has issued Staff Audit Practice Alert – Going Concern in the Current Evolving Environment - Audit Considerations for the Impact of COVID-19. The publication highlights key areas of focus in the current evolving environment when undertaking procedures relating to, and concluding on, the appropriateness of management’s use of the going concern basis of accounting in accordance with the International Standards on Auditing (ISA). 

Please view Staff Audit Practice Alert.