Almost a year ago, on August 25, 2023, we issued our comment letter to the Canadian Auditing and Assurance Standards Board (AASB) on the proposed amendments to ED-570, Going Concern. Although we were generally supportive of the proposed amendments, we did have some concerns on whether the proposed wording could be misinterpreted by users and expand the expectations gap around the auditor’s role related to going concern and the level of assurance that they are providing in their report.
Francais