International auditing guideline No. 23: going concern

Article Abstract:

An International Auditing Guideline, which was approved by the International Auditing Committee in March 1986, helps auditors in situations where the going concern assumption (that is, the assumption that the business is able to continue as a going concern) is problematic. The decision on the going concern assumption is based on the company's financial statements. Following examination of the financial statements, the auditor should discuss with management any future plans they may have and then prepare his report, including a statement as to whether the business is likely to continue as a going concern.

Business enterprises, Valuation, Financial statements, International Federation of Accountants, Going concern (Accounting), Going concern

---

Exposure draft of an auditing guideline: audit reports and information on the effects of changing prices

Article Abstract:

This guideline is provided to help auditors when accounting for price changes in financial reporting. There are three methods of preparing this information: in the main current cost accounts; in notes to the historical cost accounts; or in supplementary information separate from historical cost accounts. These methods are described.

United Kingdom, Great Britain

---

Exposure draft of an auditing guideline: the audit of small businesses (issued March 1991)

Article Abstract:

The Auditing Practices Committee's Exposure Draft of an Auditing Guideline: The Audit of Small Businesses (issued March 1991) is presented. Issues covered by the exposure draft include the reliance on internal controls, accountancy work carried out by auditors, and auditing for completeness.

Accounting, auditing, & bookkeeping, Accounting and auditing, Small business, Auditing Practices Committee

Similar abstracts:

• Abstracts: Auditing guideline: reliance on other specialists. Draft auditing guideline: applicability to the public sector of auditing standards and guidelines
• Abstracts: Auditing guideline 416: applicability to the public sector of auditing standards and guidelines. Charities: the need for a new audit guideline
• Abstracts: Exposure draft 30: consolidated financial statements and accounting for investments in subsidiaries. International Accounting Standard - IAS 27: consolidated financial statements and accounting for investments in subsidiaries

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.