New FAQ on Going Concern Now Available from IAASB The International Auditing and Assurance Standards Board (IAASB) has published a new Frequently Asked Questions (FAQ) document to support stakeholders as they implement International Standard on Auditing 570 (Revised 2024), Going Concern. The FAQ document addresses key questions on the enhanced auditor reporting model for going concern that is included in the revised standard. Specifically, it focuses on the implications for the auditor’s report when reporting entity specific going concern ma...

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More Global Companies Seek Assurance on Sustainability Reporting, Study by IFAC, AICPA & CIMA Shows The percentage of companies engaged in sustainability reporting remained unchanged at 98% 73% of companies obtained assurance on at least some of their sustainability disclosures Greenhouse gas emissions remain the most widely assured category of sustainability information Almost 3-in-4 of the largest global companies sought assurance on some aspect of their sustainability disclosures, according to an updated report from the International Federation of Accountan...

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IFAC and IESBA, alongside IAASB, Convened Successful Multi-Stakeholder Summit on Global Standards Focused on Furthering the Public Interest The International Federation of Accountants (IFAC) and the International Ethics Standards Board for Accountants (IESBA), alongside the International Auditing and Assurance Standards Board (IAASB), convened?a multi-stakeholder Summit in Paris on 14 April 2025. The Summit, held in response to a call to action by Lee White, Chief Executive Officer of IFAC, focused on the practical implementation of the new International Ethics Stan...

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