NOT2167. Going Concern Considerations - Auditee and Auditor Perspective

In this session we will cover what are the common pitfalls and best practices around this analysis. We will also go over the importance of documentation and adding details on this analysis for the auditors' and those charged with governance (i.e. audit committee) use. The need for this analysis is required by GAAP but it has been highlighted due to the pandemic and related crisis management planning. 

Learning Objectives:

• Best practices and common pitfalls for auditors and auditees around going concern analysis.
• Identify documentation needed for the going concern analysis by the auditee