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Practitioner’s Pulse (June 2023): Going Concern

Tune into this webinar to hear highlights from CPAB’s thematic review on Going Concern and learn about proposed changes to CAS 570, Going Concern from the AASB.

Global events such as war and the pandemic, along with news about recent corporate failures, have brought the topic of going concern to the forefront. Questions are being raised throughout the financial ecosystem about enhanced transparency on going concern. These same questions are leading to heightened attention to risks, with a focus on the challenges and issues pertaining to the auditor’s responsibilities and work related to management’s assessment of an entity’s ability to continue as a going concern.

In this session, you will hear about findings from CPAB’s Going Concern thematic review, including pain points faced by auditors as well as observed better practices to address these challenges. The AASB will also share highlights of proposed changes to Canadian Auditing Standard (CAS) 570, Going Concern, which are intended to address these same areas of challenge.

Access the CPAB Going Concern Thematic Report : Going concern thematic review (

Follow the AASB’s project Going Concern ( and respond to the ED-CAS 570 by July 31, 2023.

Participate in the conversation by sending us your questions on this topic with us ahead of the event.

CPA Canada, the Canadian Public Accountability Board (CPAB) and the Auditing and Assurance Standards Board (AASB)

  • auditors
  • directors
  • financial statement preparers

While the comments in this webinar are include examples from public company audits, many of the considerations and implications discussed will also be applicable to assurance engagements for non-public entities.