Page 105 - Auditinf Electronic System

2. Management’s assessment of the entity’s ability to continue as a going concern
involves making a judgment, about any conditions that raise substantial doubt
about the entity’s ability to continue as a going concern

3. If management identifies conditions that raise substantial doubt about the entity’s
ability to continue as a going concern, they should disclose in the footnotes:
a) the principal conditions or events that raise substantial doubt about the
entity’s ability to continue as a going concern
b) Management’s evaluation of the significance of those conditions or events in
relation to the entity’s ability to meet its obligations
c) discussion of management’s plans that are intended to mitigate the conditions
or events that raise substantial doubt about the entity’s ability to continue as a
going concern.

1-identifies conditions that raise
substantial doubt

2-making a judgment, about
Significance of These conditions

3-Assessment of an entity’s ability to continue as a
going concern and Appropriateness of going
concern assumption

4-Prepare the financial statement
on proper basis

106

105

‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬