ASA 570 requires the auditor to evaluate whether there is a substantial doubt about a client's ability to continue as a going concern for at LEAST:
A) one quarter beyond the date of the auditor's report.
B) one year beyond the date of the auditor's report.
C) one year beyond the reporting date.
D) one quarter beyond the balance sheet date.

Question

Quizplus · Accepted Answer

ASA 570 requires the auditor to evaluate the going concern assumption for at least one year beyond the reporting date.

ASA 570 Requires the Auditor to Evaluate Whether There Is