FAQ: Reporting Going Concern Matters in the Auditor's Report

This Frequently Asked Questions (FAQ) document is designed to help stakeholders implement International Standard on Auditing 570 (Revised 2024), Going Concern. It addresses key questions on the enhanced auditor reporting model for going concern that is included in the revised ISA 570.

Specifically, it focuses on the implications for the auditor’s report when reporting entity specific going concern matters in a section titled ‘Going Concern’ or ‘Material Uncertainty Related to Going Concern.’ It also provides an illustrative example of an auditor’s report that provides a description of how the auditor evaluated management’s assessment of going concern.

This FAQ does not amend or override ISA 570 (Revised 2024); the text of the standard remains authoritative. The FAQ is not exhaustive and is intended to complement the standard, which takes effect on or after December 15, 2026.