Tag Archives: going concern; reverse stress testing; Financial Reporting Council

Important Change to Audit Reports for 2020 Year Ends

Following our last two blogs on estimates and  going concern in recent weeks about the latest audit standards effective for 31 December 2020 audits, this week we look at the new style audit report. Changes to ISA 700 as a result of the Going Concern Standard As we pointed out last week ISA 570 triggers… Read More


Going Concern Changes for Auditors for 2020 Year Ends

Following our blog last week about the three new audit standards effective for 31 December 2020 audits, this week we look at the new going concern standard which triggers a new style audit report. Since this standard was revised in October 2019, there is a new added layer of complexity i.e. the uncertainty surrounding the… Read More