- 5 Marks
AA – May 2021 – L2 – Q2b – udit and Assurance Risk Environment, Completion Procedures and Reporting
State audit tests necessary to determine if an entity is a going concern.
Question
ISA 570: Going Concern guides auditors to ensure that an entity can continue to operate into the foreseeable future.
Required:
State TWO (2) audit tests necessary to ascertain whether an entity is a going concern. (5 marks)
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