An Entity's Ability to Continue as a Going Concern

Free CPA AUD (Auditing & Attestation) lesson in Performing Further Procedures and Obtaining Evidence. 12 min read, ~1,827 words.

AU-C 570 (nonissuers) requires evaluating substantial doubt for a reasonable period, within one year after the date the financial statements are available to be issued. PCAOB AS 2415 (issuers) uses the same framework but measures one year from the balance sheet date. Indicators split into negative trends (recurring losses, working-capital...

What this lesson covers

• Content
• Example 1
• Common Mistakes
• Key Takeaways
• Exam Shortcuts

Learning objectives

• III.E5

Browse all free CPA AUD lessons or jump into free CPA AUD practice questions.