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ISSAI Executive Summaries

Executive Summary:

ISSAI 1570 – Going Concern


This Practice Note provides supplementary guidance on ISA 570 – Going Concern

ISSAI Category:

Level 4: General Auditing Guidelines - General Auditing Guidelines on Financial Audit

Target Group:

Public sector external auditors


ISA 570 deals with the auditor's responsibilities in the audit of financial statements relating to management's use of the going concern assumption in the preparation of the financial statements

Scope - Content:

The Practice Note provides additional guidance for public sector auditors related to

  • Going concern assumption
  • Evaluating management's assessment
  • Additional audit procedures when events or conditions are identified
  • Use of the going concern assumption appropriate but a material uncertainty exists
Author - Committee:

INTOSAI Professional Standards Committee – Financial Audit Subcommittee


Approved at XXth Congress of INTOSAI, Johannesburg 2010


Related Documents - Executive Summaries:
Related Documents - ISSAI Full Versions:
Related Documents - Others:

ISA 570 is applicable to auditors of public sector entities in their role as auditors of financial statements

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