Going Concern: ISA 570 (Revised 2024) Webinar

Overview

The going concern concept is a fundamental accounting assumption that an entity will continue operating in the foreseeable future to fulfil its commitments, obligations and objectives, rather than being forced to liquidate or cease operations in the short term.

ISA 570 (Revised 2024) strengthens the auditor’s responsibilities when evaluating management’s assessment of going concern. The revised standard was issued following high-profile corporate failures that raised concerns about audit effectiveness and the robustness of going concern evaluations.

While IFRS does not change recognition and measurement under going concern, the auditor’s evaluation process requires significant professional judgment. Going concern is not merely a compliance exercise — it plays a critical role in safeguarding trust in financial reporting and maintaining stakeholder confidence.

This training will provide participants with a strong technical understanding of the enhanced requirements of ISA 570 (Revised 2024), as well as practical judgment skills to apply the standard in complex, real-world scenarios.

What You Will Learn

• Key changes introduced by ISA 570 (Revised 2024)
• Core principles underpinning going concern assessments
• The auditor’s role in evaluating management’s evidence
• Identifying and responding to reporting deficiencies
• The impact on the auditor’s report
• Practical case studies and real-life scenarios
• Common inspection findings and how to avoid them

Who Should Attend?

This webinar is designed for:

• Audit partners and managers
• Audit seniors and trainees
• Engagement quality reviewers
• Technical and risk professionals
• Audit firm compliance personnel

Certification

Participants will receive a verifiable LEAF Certificate of attendance upon completion of the webinar.
Where applicable, this session may qualify for Continuing Professional Development (CPD/CPE) credits (subject to your local professional body requirements).

Registration & Tickets:

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We look forward to seeing you there.

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Group Discounts

Get discounts on group bookings.

2-5 Attendees = Save 10%
6-20 Attendees = Save 20%
21-50 Attendees = Save 40%
50+ Attendees = Save 60%

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