Ngày tải lên :
15/03/2014, 20:20
... Uncertainties
Disclosurein the nancialstatementsisexpected
whenmaterialuncertaintyexistsrelatedtoevents
orconditionsthat,aloneorinaggregate,maycast
signicantdoubton the entity’sabilitytocontinueas
agoingconcern.
Inevaluating the adequacyofsuchdisclosures,ISA
570indicatesthat the auditorconsiderswhether the
nancialstatements:
a.Adequatelydescribe the principaleventsor
conditionsthatgiveriseto the signicant
doubton the entity’sabilitytocontinueinop-
erationandmanagement’splanstodealwith
theseeventsorconditions;and
b.Stateclearlythatthereisamaterialuncertain-
tyrelatedtoeventsorconditionswhichmay
castsignicantdoubton the entity’sability
tocontinueasagoingconcernand,therefore,
thatitmaybeunabletorealizeitsassetsand
dischargeitsliabilitiesin the normalcourseof
business.
20
Forming the Opinion on the Financial Statements
and the Implications for the Auditors Report
Basedontheauditevidenceobtained,theauditor
concludeswhethermanagementsuseofthegoing
concernassumptioninthepreparationofthenancial
statementsisappropriateanddetermineswhattype
ofopinionistobeissuedinthecircumstances.Ifthe
auditorconcurswithmanagementsassessment,an
unqualiedopinion ... 5
viewedasaguaranteethatfutureeventsorconditions
willnotresultintheentityceasingtocontinueasa
goingconcern.
Nevertheless,thecurrenteconomicconditionsdo
notchangeeithermanagementsortheauditors
responsibilityrelatingtothegoingconcern
assumption.Thereisnodoubtthattheeventsof
thepastyearandtheoutlookforthefuturepresent
challengesthatwillneedtobeconsideredby
managementandauditorsalikeinmeetingthose
responsibilities.
TheISAdescribesfactorsthatmayberelevantto
managementsuseofthegoingconcernassumption
andgivesexamplesofeventsorconditionsthat
maycastsignicantdoubtonthegoingconcern
assumptionincluding,butnotlimitedto,anumberof
nancialeventsthatarebecomingmoreprevalentin
thecurrentenvironment,
16
suchas:
ã ... Considerationoftheneedforanemphasisof
matterparagraphintheauditorsreportwillbe
adifcultmatterofjudgmenttobemadeinthe
contextoftheentityscircumstances;themere
existenceofthecreditcrisis,thoughreferred
tointhenancialstatements,doesnotofitself
createtheneedforanemphasis.
ThisalertisissuedbystaffoftheInternational
AuditingandAssuranceStandardsBoard(IAASB)
toraiseauditorsawarenessaboutmattersrelevant
totheconsiderationoftheuseofthegoingconcern
assumptioninthepreparationofthenancial
statementsinthecurrentenvironment.Inparticular,
management,thosechargedwithgovernanceand
auditorsalikewillbefacedwiththechallengeof
evaluatingtheeffectofthecreditcrisisandeconomic
downturnonanentitysabilitytocontinueasagoing
concernandwhethertheseeffectsontheentityought
tobedescribed,orotherwisereected,inthenancial
statements.
WhiletheStaffAuditPracticeAlert,Challenges
inAuditingFairValueAccountingEstimatesin
theCurrentMarketEnvironment[October2008],
referstogoingconcerninthecontextoftheeffects
ofvaluationinilliquidmarkets,thisalertaddresses
widerissuesthatarelikelytoberelevanttoauditors
ofentitiesinallindustriesandofallsizes.While
thisalertrefersprincipallytoISA570,otherISAs
containrequirementsandguidancetoassisttheauditor
indealingwithotherissuesthatmayalsorequire
particularattentioninthecurrentenvironment,such
asinventoryvaluationandallowancesfordoubtful
receivables.
Thisalertdoesnottakeaccountofmattersspecic
toindustriesorjurisdictions,bothofwhichwillbe
relevanttotheissuesdiscussedbelow.Government
responsestothecriseshavebeensubstantial,but
varied.Thusinsomejurisdictionscertainaspects
ofcreditavailabilitymayhavebeenresolvedwhile
otherscontinuetocausedifculties;andtheparticular
matterstackledbygovernmentsmaydifferasbetween
jurisdictions.Similarly,governmentshavebeen
consideringassistancetocertainindustries,thenature
ofwhichmayhaveamaterialeffectonthematters
discussedinthisalert.Further,theeffectofthecredit
crisisandeconomicdownturnvariesbothastoits
severityandtimingdependingontheindustryandthe
jurisdiction.
AUDIT...