This module explains the key principles, concepts and auditor responsibilities relating to going concern in the public sector environment. It covers the identification and evaluation of events or conditions that may cast significant doubt, the assessment of management’s plans and assumptions, the determination of whether a material uncertainty exists, and the resulting disclosure and auditor-reporting implications. The module also highlights the enhanced requirements and reporting changes introduced by ISA 570 (Revised 2024) and their application within the AGSA audit methodology.
Skill Level: Beginner