Coronavirus (COVID-19) Webcast: Considerations for auditing going concern

ICAEW’s Audit and Assurance Faculty shares a recording of its recent webcast on the challenges faced when auditing going concern in light of the COVID-19 pandemic.

COVID-19 has caused significant market upheaval and uncertainty for business. This has made assessing more difficult, both for preparers and auditors. This webcast discusses the latest Audit and Assurance Faculty guide which provides advice for auditors testing going concern assessments. Topics discussed include: 

• The going concern basis of accounting
• Understanding how the business has been impacted
• Liquidity and solvency
• Government support
• Timelines and forecasts
• Considerations when testing models
• Q&A session 

Watch the recording and download any accompanying resources

Recorded on 12 May 2020

Please note this webcast was recorded remotely due to the current pandemic. There is a slight problem with the sound in the middle of the webcast. We apologise for any inconvenience this may cause you. 

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