Question
Based on AU-C 570, the period of time required for the going concern assessment by the auditor ( not management) is: Reasonable period of time.
Based on AU-C 570, the period of time required for the going concern assessment by the auditor (not management) is: Reasonable period of time.The period of time required by the ap- plicable financial reporting framework or, if no such requirement exists, within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued, when applicable). If management expected to issue the financial statements on June 30, 20X5, what specific period of time would be required for your assessment?
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