This section provides guidance to the auditor in conducting an audit of financial statements in accordance with generally accepted auditing standards with respect to evaluating whether there is substantial doubt about the entity’s ability to continue as a going concern.1,2 Continuation of an entity as a going concern is assumed in financial reporting in the

This section addresses the auditor’s responsibility with respect to information that a designated accounting standard setter requires to accompany an entity’s basic financial statements (hereinafter referred to as required supplementary information). In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion on the basic financial statements does not

The objective of the auditor, when engaged to report on supplementary information in relation to the financial statements as a whole, is a. to evaluate the presentation of the supplementary information in relation to the financial statements as a whole and b. to report on whether the supplementary information is fairly stated, in all material

This section addresses the auditor’s responsibility in relation to other information in documents containing audited financial statements and the auditor’s report thereon. In the absence of any separate requirement in the particular circumstances of the engagement, the auditor’s opinion on the financial statements does not cover other information, and the auditor has no responsibility for

Governments frequently establish governmental audit requirements for entities to undergo an audit of their compliance with applicable compliance requirements. This section is applicable when an auditor is engaged, or required by law or regulation, to perform a compliance audit in accordance with all of the following: • Generally accepted auditing standards (GAAS) • The standards