ASA 570 is the auditing standard relating to going concern and is issued by the Auditing and Assurance Standards Board (AUASB). ASA 570 deals with the auditor's responsibilities in the audit of financial report relating to going concern and the implications for the auditor's report. With reference to ASA 570 and SVB's 2022 Financial Report: i. Which party is responsible for the assessment of the entity's ability to continue as a going concern? What are the responsibilities of the auditor in relation to the going concern assessment? ii. iii. Identify the type of opinion that was issued by SVB's auditors for the period ending 31 December 2022. iv. In your opinion, did the auditor provide enough information for users to assist them in understanding matters related to going concern?

ASA 570 is the auditing standard relating to going concern and is issued by the Auditing and Assurance Standards Board (AUASB). ASA 570 deals with the auditor's responsibilities in the audit of financial report relating to going concern and the implications for the auditor's report. With reference to ASA 570 and SVB's 2022 Financial Report: i. Which party is responsible for the aysessment of the entity's ability to continue as a going concern? ii. What are the responsibilities of the auditor in relation to the going concern assessment? iii. Identify the type of opinion that was issued by SVB's auditors for the period ending 31 December 2022. iv. In your opinion, did the auditor provide enough information for users to assist them in understanding matters related to going concern