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Going concern considerations – a guide for FRS 102 preparers
- Helpsheets and support
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
Exclusive
Going concern considerations – a guide for FRS 105 preparers
- Helpsheets and support
Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.
Going concern - material uncertainty related to going concern
- Helpsheets and support
This guide is designed to explain the main changes that are needed to the audit report of a company where there is a material uncertainty related to going concern.
Going concern – basis other than going concern
- Helpsheets and support
This guide is designed to explain the main changes that are needed to the audit report of a company where the financial statements are prepared on a basis other than going concern.
Preparing an audit report with a disclaimer of opinion
- Helpsheets and support
This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to disclaim the opinion on the financial statements as a whole. The example wording in this guide has been adapted from the examples in the Appendix to ISA (UK) 705 and updated for UK legal and regulatory requirements.
Limitation on the scope of the audit
- Helpsheets and support
This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue a modified opinion on the financial statements due to a limitation on the scope of the audit.
Understanding audit reports
- Article
The FAQs below, created by ICAEW’s Audit and Assurance Faculty, are designed to help investors and other users of audit reports to better understand the different types of audit report wordings used by auditors, and their significance. They also highlight how economic uncertainty resulting from wider external factors can impact audit reports.
Why all businesses should reverse stress test
- Article
Entities of all sizes should consider using reverse stress testing to enhance their going concern assessments and related disclosures.
Displaying 1-8 of 8 results