How the IAASB's Revised Going Concern and Fraud Standards Reinforce Professional Skepticism

This non-authoritative publication is intended to assist in the adoption and implementation of the recently issued ISA 570 (Revised 2024) on going concern and ISA 240 (Revised) on fraud by highlighting the IAASB’s efforts to reinforce professional skepticism within the revisions of both standards.

This publication does not amend or override the ISAs, the text of which alone are authoritative. Reading this publication is not a substitute for reading the ISAs. It is not intended to be exhaustive, and reference to the ISAs should always be made. This publication does not constitute an authoritative or official pronouncement of the IAASB.