LATEST UPDATE

IAASB approved ISA 570(Revised 2024) Going Concern

The IAASB approved the International Standard on Auditing 570 (Revised 2024), Going Concern, on 12 December 2024. The standard will be published following certification by the Public Interest Oversight Board, anticipated for April 2025. After certification and publication, the standard will be effective on audits of financial statements for periods beginning on or after 15 December 2026.

The approved standard may be accessed on:

https://www.iaasb.org/meetings/iaasb-quarterly-board-meeting-december-9-12-2024