Additional audit procedures when events or conditions are identified

16.Additional audit procedures when events or conditions are identified

Where events or conditions have been identified which may cast significant doubt on the
entity's ability's to continue as a going concern, the auditor should:
Review management's plans for future actions based on it's going concern assessment.
Gather appropriate audit evidence to confirm or dispel whether or not a material uncertainty exists through carrying out additional or extended audit procedures considered necessary by the auditor.
 Seeking written representations from management regarding it's plans for future action.
Possible procedures

Post a Comment (0)
Previous Post Next Post