AAF8

Syllabus E2. Going Concern 2 / 5

a) Define and discuss the significance of the concept of going concern.

b) Explain the importance of and the need for going concern reviews.

c) Explain the respective responsibilities of auditors and management regarding going concern.

d) Identify and explain potential indicators that an entity is not a going concern. 

e) Discuss the procedures to be applied in performing going concern reviews.

f) Discuss the disclosure requirements in relation to going concern issues.

g) Discuss the reporting implications of the findings of going concern reviews.
Going Concern