Accounting & Audit
Accounting standards, audit and ICAI guidance.
1story · New facility
September 2026
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NFRA lists 35 questions an audit committee may put to the statutory auditor on going concern under SA 570 (Revised)
Going concern: 35 questionsNew facilitySeries 6 of NFRA’s Auditor–Audit Committee Interaction papers deals with the going concern assessment. It sets out six situations under SA 570 (Revised) with the reporting outcome of each, explains why the CARO 2020 clause 3(xix) answer can differ from the SA 570 conclusion, and lists 35 questions an auditor may expect.
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