According to ISA 570 what is the recommended future minimum period that should be considered when assessing whether the entity is a going concern?
A) Up to the point at which the financial statements are signed
B) 12 months after the balance sheet date
C) 12 months from the date at which the financial statements are approved
D) The foreseeable future

Question

Quizplus · Accepted Answer

ISA 570 recommends considering a period of at least 12 months from the date the financial statements are approved when assessing an entity's going concern status.

According to ISA 570 What Is the Recommended Future Minimum