Auditor’s Assessment and Disclosure of Going Concern Risks
Auditor’s Assessment and Disclosure of Going Concern Risks Understanding how auditors evaluate business continuity, identify material uncertainties, and communicate going concern risks to investors, creditors, regulators, and other stakeholders. The auditor’s assessment of going concern risks is one of the most important responsibilities in the audit process. Investors, lenders, suppliers, employees, regulators, and shareholders rely…