ISA 570 (Revised) Going Concern - الاستمرارية

Audit | Tax | Advisory
ISA 570 (Revised)
Going Concern
‫ا‬‫ال‬‫تسمراااة‬
Crowe Horwath Professional Auditors
Member Crowe Horwath International
Dr. Daoud Y. Sobh
Consultant,
Member Crowe Horwath International
Lebanese Association of Certified Public
Accountants - LACPA
20th International Congress,
Quality Financial Reporting Serving the Economy
November 25 & 26, 2015
Phoenicia Hotel - Beirut - Lebanon
Auditor Reporting in Accordance
With ISA New and Revised Standards
(New and Revised Auditor’s Report)

November 25-26, 2015 2ISA 570 (Revised) - Going Concern
CONTENTS 0f ISA 570Subject Para Appl. Para
Introduction
Scope of this ISA ‫الرعةاا‬ ‫هذا‬ ‫نطاق‬ 1 A1
Going Concern Basis of Accounting ‫المحاسبة‬ ‫في‬ ‫االستمرارية‬ ‫مبدأ‬ 2 A2
Responsibility for Assessment of the Entity’s
Ability to Continue as a Going Concern
‫على‬ ‫المنشأة‬ ‫قدرة‬ ‫تقييم‬ ‫عن‬ ‫المسؤولية‬
‫االستمرار‬ 3 - 7
Effective Date ‫النفاذ‬ ‫تاريخ‬ 8
Objectives ‫االهداف‬ 9
Requirements ‫الرمطلبات‬
Risk Assessment Procedures and Related
Activities
‫ذات‬ ‫واألنشطة‬ ‫المخاطر‬ ‫تقييم‬ ‫إجراءات‬
‫العالقة‬ 10,11 A3 – A7
Evaluating Management’s Assessment ‫اإلدارة‬ ‫تقديرات‬ ‫تقييم‬ 12, 14 A8 – A13
Period beyond Management’s Assessment ‫اإلدارة‬ ‫تقديرات‬ ‫بعد‬ ‫ما‬ ‫فترة‬ 15 A14, A15
Additional Audit Procedures When Events or
Conditions Are Identified
‫و‬ ‫تحديد‬ ‫عند‬ ‫اإلضافية‬ ‫التدقيق‬ ‫إجراءات‬‫جود‬
‫ظروف‬ ‫أو‬ ‫أحداث‬ 16 A16 – A20
Auditor Conclusions ‫المدقق‬ ‫استنتاجات‬ 17 - 20 A21 – A25
implications for the Auditor’s Report ‫المدقق‬ ‫تقرير‬ ‫على‬ ‫المترتبة‬ ‫اآلثار‬ 21 - 24 A26 - A35
Communication with Those Charged with
Governance - TCWG ‫بالحوكمه‬ ‫المكلفين‬ ‫أولئك‬ ‫مع‬ ‫التواصل‬ 25
Significant Delay in the Approval of Financial
Statements ‫البيانا‬ ‫على‬ ‫الموافقة‬ ‫في‬ ‫كبير‬ ‫تأخير‬‫المالية‬ ‫ت‬ 26

November 25-26, 2015
ISA 570 Going concern (Revised)
‫ة‬‫نطبق‬‫على‬‫رهرات‬‫الرنشأت‬ ‫لجرةع‬ ‫المدقةق‬Applies to Audits of All Entities،
‫الجدةدة‬ ‫الرمطلبات‬:‫المدقق‬ ‫على‬The auditor should:
‫تقييم‬‫كفاية‬ ‫مدى‬‫اإلفصاحات‬‫حول‬‫استمرارية‬‫المنشأة‬،
‫وصف‬ ‫ذكر‬‫اإلدااة‬ ‫رتسؤولةات‬‫باالستمرارية‬ ‫المتعلقة‬،‫تقارير‬ ‫جميع‬ ‫في‬‫ه‬،
‫ذكر‬‫وصف‬‫الردقق‬ ‫رتسؤولةات‬‫المتعلقة‬‫تقاريره‬ ‫جميع‬ ‫في‬ ،‫باالستمرارية‬،
‫عند‬‫هام‬ ‫شك‬ ‫وجود‬(‫جوهري‬)،‫فيما‬‫إذا‬‫كانت‬‫ال‬‫منشأة‬‫احتمالين‬ ‫هناك‬ ،‫مستمرة‬:
‫ا‬‫ال‬‫فصاحات‬‫هي‬‫كافة‬‫يجب‬ ،‫المدقق‬ ‫على‬‫إضافة‬‫رنفصل‬ ‫قتسم‬‫جدي‬‫د‬‫ضمن‬‫تقريره‬‫بعن‬‫وان‬
«‫وجود‬‫مأكد‬ ‫عدم‬‫ب‬ ‫رمعلق‬ ‫هام‬‫ا‬‫ال‬‫تسمراااة‬»،
‫اال‬‫فصاحات‬‫هي‬‫غةا‬‫كافة‬‫من‬ ‫بد‬ ‫ال‬ ،‫اأي‬‫رعدل‬‫وفق‬‫المعيار‬ISA 705،
when there is a Material Uncertainty, If the entity’s going concern:
disclosures are ADEQUATE, and a new separate section of the auditor’s report is
required “Material Uncertainty Related to Going Concern”,
disclosures are inadequate, a modified opinion is required (as per ISA 705) as
the first section of the auditor’s report
ISA 570 (Revised) - Going Concern 3

ISA 570 – Going Concern (December 15, 2009)
(‫سابقا‬Previously)
To determine the impact of identified events/conditions on the audit report and
communicate the decision to management, consider the following:
Mgmt. Use of GC
Assumption is
APPROPRIATE,
but a Material Uncertainty
Exists
Do financial statements
fully describe events/
conditions and
Disclose Existence of
Material Uncertainty?
Unmodified opinion
plus
"Emphasis of Matter"
paragraph
Express a qualified
or adverse opinion,
and state material
uncertainty exists
(ISA 705)
YES
NO
Mgmt. Use of GC
Assumption is
INAPPROPRIATE
ISA 570 Para 21
Express an
Adverse Opinion
ISA 705

November 25-26, 2015 ISA 570 (Revised) - Going Concern
1- Opinion
We have audited the financial statements of ABC Company (the
Company), which comprise the statement of financial position as at
December 31, 20X1, and the statement of comprehensive income,
statement of changes in equity and statement of cash flows for the
year then ended, and notes to the financial statements, including a
summary of significant accounting policies.
In our opinion, the accompanying financial statements present
fairly, in all material respects, the financial position of the Company
as at December 31, 20X1, and (of) its financial performance and its
cash flows for the year then ended in accordance with
International Financial Reporting Standards (IFRSs).
2- Basis for Opinion
We conducted our audit in accordance with International
Standards on Auditing (ISAs). Our responsibilities under those
standards are further described in the Auditor’s Responsibilities for
the Audit of the Financial Statements section of our report. We are
independent of the Company in accordance with the ethical
requirements that are relevant to our audit of the financial
statements in [jurisdiction], and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
3- Material Uncertainty Related to Going Concern
We draw attention to Note 6 in the financial statements,
which indicates that the Company incurred a net loss
of ZZZ during the year ended December 31, 20X1 and, as of
that date, the Company’s current liabilities
exceeded its total assets by YYY.
As stated in Note 6, these events or conditions, along with
other matters as set forth in Note 6, indicate that a material
uncertainty exists that may cast significant doubt on the
Company’s ability to continue as a going concern.
Our opinion is not modified in respect of this matter.
4- Responsibilities of Management and TCWG
5- Auditor’s Responsibilities for the Audit of the F/S
6- Report on Other Legal and Regulatory Requirements
[Signature in the name of the audit firm, the personal name of the
auditor, or both, as appropriate for the particular jurisdiction]
[Auditor Address]
[Date]
INDEPENDENT AUDITOR’S REPORT (sample)
To the Shareholders of ABC Company [or Other Appropriate Addressee]
Report on the Audit of the Financial Statements
5
New
on or after December 15, 2016

ISA 700 Revised (Excerpts)
“Forming an Opinion and Reporting on Financial Statements “
Responsibilities of Management and Those Charged with Governance for the F/S
Management is responsible for the preparation and fair presentation of the financial
statements in accordance with IFRSs, and for such internal control as management
determines is necessary to enable the preparation of the financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements , management is responsible for assessing the Company’s
ability to continue as a going concern, disclosing, as applicable, matters related to Going
Concern and using the going concern basis of accounting unless management either intends
to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
TCWG are responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAs will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
A further description of the auditor’s responsibilities for the audit of the financial statements
is located at [Organization’s] website at: [website link].
This description forms part of our auditor’s report.

‫للمدقةق‬ ‫الدولي‬ ‫الرعةاا‬ISA 570
(‫ل‬َّ‫د‬‫ع‬ُ‫م‬Revised)
Going Concern
‫ا‬‫ال‬‫تسمراااة‬
26 Paragraphs & 35A Applications
(Effective for audits of financial statements for periods ending on or after
December 15, 2016)

‫نطاق‬‫هذا‬‫الرعةاا‬Scope of this ISA
‫المعيار‬ ‫يتناول‬ISA 570:
‫رتسؤولةات‬‫المدقق‬‫حول‬‫تدقيق‬‫البيانات‬‫المالية‬،‫المتعلقة‬:
‫باالتسمراااة‬‫و‬ ،
‫اآلثاا‬‫الرمامب‬‫المدقق‬ ‫تقرير‬ ‫على‬.
This International Standard on Auditing (ISA) deals with:
 The auditor’s responsibilities in the audit of financial statements
relating to going concern, and
 The implications for the auditor’s report.
1

‫ربدأ‬‫االتسمراااة‬‫الرحاتسب‬ ‫في‬
Going Concern Basis of Accounting
‫يتم‬‫المالية‬ ‫البيانات‬ ‫إعداد‬Financial statements:
-‫على‬‫فاضة‬‫المنشأة‬ ‫أن‬‫رتسمراة‬‫أعمالها‬ ‫في‬‫عملياتها‬ ‫وستواصل‬‫المستقبل‬ ‫في‬‫ال‬‫منظور‬
foreseeable future.
-‫باتسمخدام‬‫ربدأ‬‫االتسمراااة‬Using the Going Concern basis of accounting،‫إال‬‫إذا‬
‫كان‬‫في‬‫نية‬‫اإلدارة‬‫إما‬:‫تصفية‬،‫المنشأة‬‫أو‬‫التوقف‬‫عن‬،‫العمل‬‫أو‬‫ال‬‫يوجد‬‫لديها‬‫بديل‬‫واقعي‬‫إال‬
‫للقيام‬‫بذلك‬.
‫عند‬‫االتسمخدام‬‫الرناتسب‬‫لمبدأ‬،‫االستمرارية‬‫يتم‬‫تسجيل‬‫الموجودات‬‫والمطلوبات‬‫على‬‫أساس‬‫أن‬
‫المنشأة‬‫قاداة‬‫على‬‫محقةق‬،‫موجوداتها‬‫والوفاء‬‫بالمزارامها‬‫في‬‫سياق‬‫النشاط‬‫االعتيا‬‫دي‬
‫لألعمال‬.
 assets and liabilities are recorded on the basis that the entity will be able to
realize its assets and discharge its liabilities in the normal course of business.
2

11:21December 9, 2016
Management’s responsibility (Reporting in accordance with ISA 700 -Revised)
A new description of management’s responsibility for:
 Assessing the entity’s ABILITY to continue as a going concern and
 Whether the USE of the going concern basis of accounting is
APPROPRIATE, as well as
 DISCLOSING, if applicable, matters relating to going concern.
10ISA 570 (Revised) – Going Concern
Descriptions of Management’s Responsibilities for GC
ISA 570
Basis for
Conclusion
International Accounting Standard
(IAS 1) requires management to
make an assessment of an entity’s
ability to continue as a going
concern.

‫على‬ ‫المنشأة‬ ‫قدرة‬ ‫تقييم‬ ‫عن‬ ‫المسؤولية‬‫االستمرار‬
Responsibility for Assessment of the Entity’s Ability to Continue as a Going Concern
‫رتسؤولة‬‫اإلدااة‬‫عند‬‫إعداد‬‫البيانات‬‫المالية‬‫إجراء‬‫مقةةم‬‫ل‬‫قداة‬‫الرنشأة‬‫على‬‫اال‬‫تس‬‫مرااا‬
Assessment of an entity’s ability to continue as a going concern .
‫ينطوي‬‫هذا‬‫ال‬،‫تقييم‬‫لقدرة‬‫المنشأة‬‫على‬‫االستمرار‬،‫عل‬‫ى‬‫الحكم‬‫أو‬‫القرار‬Making a
judgment،‫في‬‫تاريخ‬،‫معين‬‫حول‬‫نتائج‬‫مستقبلية‬‫غير‬‫مؤكدة‬‫بطبيعتها‬‫مرت‬‫بطة‬‫ب‬‫أحداث‬
‫أو‬‫ظروف‬،‫أي‬‫عوامل‬‫مؤثرة‬‫في‬،‫التقييم‬
3 - 5

‫العوارل‬factors‫ذات‬‫الصل‬‫والرؤثاة‬‫بهذا‬‫الحكم‬‫أو‬‫القااا‬‫رنها‬‫المالة‬:
‫الشك‬ ‫درجة‬(‫التأكد‬ ‫عدم‬)‫المرتبطة‬‫حالة‬ ‫أو‬ ‫حدث‬ ‫بنتائج‬‫كبي‬ ‫بشكل‬ ‫زيادة‬ ‫في‬ ‫هي‬‫ر‬‫في‬
‫المستقبل‬‫للحدث‬ ‫بالنسبة‬‫أو‬‫الحالة‬‫أو‬‫النتيجة‬.
،‫المنشأة‬ ‫وتعقيد‬ ‫حجم‬‫طبيعة‬‫العمل‬ ‫وظروف‬‫التأثر‬ ‫ودرجة‬‫عل‬ ‫تؤثر‬ ‫خارجية‬ ‫بعوامل‬‫الحكم‬ ‫ى‬
‫أو‬ ‫األحداث‬ ‫نتيجة‬ ‫بشأن‬‫الحاالت‬.
‫يستند‬‫الذي‬ ‫الوقت‬ ‫في‬ ‫المتوفرة‬ ‫المعلومات‬ ‫على‬ ‫المستقبل‬ ‫بشأن‬ ‫حكم‬ ‫أي‬‫ف‬ ‫يتم‬‫يه‬‫الحكم‬.
‫قد‬‫تؤثر‬‫الالحقة‬ ‫األحداث‬Subsequent events‫على‬‫النتائج‬،‫قد‬ ‫والتي‬‫مع‬ ‫تتعارض‬
‫الذي‬ ‫الوقت‬ ‫في‬ ‫معقولة‬ ‫كانت‬ ‫التي‬ ‫األحكام‬‫االحكام‬ ‫هذه‬ ‫فيه‬ ‫تمت‬.
‫على‬ ‫المنشأة‬ ‫قدرة‬ ‫تقييم‬ ‫عن‬ ‫المسؤولية‬‫االستمرار‬
Responsibility for Assessment of the Entity’s Ability to Continue as a Going Concern
3 - 5

‫النفاذ‬ ‫تاريخ‬Effective Date
This ISA is effective for audits of financial statements
for periods ending on or after December 15, 2016.
‫الرفعول‬ ‫تسااي‬ ‫الرعةاا‬ ‫هذا‬‫ل‬‫ال‬ ‫للفماات‬ ‫الرالة‬ ‫البةانات‬ ‫مدقةق‬‫م‬‫م‬ ‫ي‬‫منمهي‬
‫بعد‬ ‫أو‬ ‫في‬15/12/2016
8

Objectives ‫ا‬‫ال‬‫ه‬‫ـــــــ‬‫داف‬
‫هي‬ ‫المدقق‬ ‫أهداف‬:
‫الحصول‬To obtain‫على‬‫مناسبة‬ ‫كافية‬ ‫تدقيق‬ ‫أدلة‬To obtain sufficient
appropriate audit evidence،‫ل‬‫إلى‬ ‫لتوصل‬‫استنتاج‬‫استخدام‬ ‫مالءمة‬ ‫مدى‬ ‫حول‬
‫اإلدارة‬‫لمبدأ‬‫االستمرارية‬‫في‬،‫المالية‬ ‫البيانات‬ ‫إعداد‬
‫االتسمنماج‬To conclude،‫إلى‬ ً‫ا‬‫استناد‬‫أدلة‬،‫عليها‬ ‫الحصول‬ ‫تم‬ ‫التي‬ ‫التدقيق‬‫فيم‬‫كان‬ ‫إذا‬ ‫ا‬
‫هنالك‬‫شك‬(‫غموض‬)‫متصل‬ ‫هام‬‫بأحداث‬‫أو‬‫قد‬ ‫ظروف‬‫الشك‬ ‫من‬ ‫ظالال‬ ‫تلقي‬‫الهام‬‫حول‬
‫على‬ ‫المنشأة‬ ‫قدرة‬،‫االستمرار‬
‫المقاةا‬To report،‫بحسب‬‫هذا‬‫المعيار‬ISA 570.
cont’d
9

‫المدقق‬ ‫مسؤوليات‬
Responsibilities of the Auditor
‫موضح‬ ‫هو‬ ‫كما‬‫المعيار‬ ‫في‬ISA 200،
‫إن‬‫اآلثاا‬‫الرحمرل‬‫للقةود‬‫الرمأصل‬the potential effects of inherent
limitations‫على‬‫عدم‬‫قدرة‬‫المدقق‬‫على‬‫اكتشاف‬‫األخطاء‬‫الهامة‬(‫الجوهرية‬)‫هي‬‫أكثر‬
‫بالنسبة‬‫لألحداث‬‫أو‬‫الظروف‬‫المستقبلية‬‫التي‬‫قد‬‫تسبب‬‫توقف‬‫المنشأة‬‫وعد‬‫م‬‫قدرتها‬‫على‬
‫ا‬‫ال‬‫ستمرار‬.
‫ال‬‫للمدقق‬ ‫يمكن‬‫بمثل‬ ‫التنبؤ‬‫المستقبلية‬ ‫الظروف‬ ‫أو‬ ‫األحداث‬ ‫هذه‬.
،‫لذلك‬ ‫وفقا‬‫المن‬ ‫قدرة‬ ‫في‬ ‫شك‬ ‫هناك‬ ‫أن‬ ‫إلى‬ ‫المدقق‬ ‫تقرير‬ ‫في‬ ‫إشارة‬ ‫أية‬ ‫غياب‬ ‫إن‬‫على‬ ‫شأة‬
‫اال‬‫بمثابة‬ ‫اعتباره‬ ‫يمكن‬ ‫ال‬ ‫ستمرار‬‫ضران‬‫اال‬ ‫على‬ ‫المنشأة‬ ‫قدرة‬ ‫على‬‫ستمرار‬.
66, 7

ISA 570
Going Concern
Requirements ‫الرمطلبات‬
Para 10 – 26

‫العالقة‬ ‫ذات‬ ‫واألنشطة‬ ‫المخاطر‬ ‫تقييم‬ ‫إجراءات‬
Risk Assessment Procedures and Related Activities
‫على‬‫الردقق‬:
‫باال‬ ‫األخذ‬‫عتبار‬‫كان‬ ‫إذا‬ ‫فيما‬‫هنالك‬‫أحداث‬‫هام‬ ‫شك‬ ‫وجود‬ ‫إلى‬ ‫تؤدي‬ ‫قد‬ ‫ظروف‬ ‫أو‬‫في‬‫قدرة‬
،‫االستمرار‬ ‫على‬ ‫المنشأة‬
‫تحديد‬‫أولي‬ ‫بتقييم‬ ً‫ا‬‫فعلي‬ ‫قامت‬ ‫قد‬ ‫المنشأة‬ ‫إدارة‬ ‫كانت‬ ‫إذا‬ ‫ما‬‫ل‬‫قدرة‬‫اال‬ ‫على‬ ‫المنشأة‬‫ستمرار‬:
‫ب‬.‫كان‬ ‫إذا‬‫المقةةم‬ ‫هذا‬ ‫إجااء‬ ‫ةمم‬ ‫لم‬:
•‫ع‬‫مناقشة‬ ‫المدقق‬ ‫لى‬‫اإلدارة‬‫حول‬
‫استخدام‬،‫االستمرارية‬ ‫مبدأ‬
•‫االستفسار‬‫من‬‫اإلدارة‬‫كانت‬ ‫إذا‬ ‫عما‬
‫على‬ ‫تؤثر‬ ‫ظروف‬ ‫أو‬ ‫أحداث‬ ‫توجد‬
‫المنشأة‬ ‫استمرارية‬.
•‫من‬ ‫الطلب‬‫اإلدارة‬‫التقييم‬ ‫هذا‬ ‫اجراء‬.
‫قد‬ ‫كان‬ ‫إذا‬ ‫أ‬-‫المقةةم‬ ‫هذا‬ ‫إجااء‬ ‫مم‬:
•‫مع‬ ‫التقييم‬ ‫مناقشة‬ ‫يجب‬‫اإلدارة‬،‫وت‬‫حديد‬
‫كانت‬ ‫إذا‬ ‫ما‬‫اإلدارة‬‫قد‬‫مثل‬ ‫لها‬ ‫تبين‬
،‫الظروف‬ ‫أو‬ ‫األحداث‬ ‫تلك‬
•‫مخطط‬ ‫هو‬ ‫ما‬‫اإلدارة‬‫لمواجهة‬‫هذه‬
‫الظروف‬ ‫او‬ ‫االحداث‬،
ISA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
10, 11

‫مقدةاات‬ ‫مقةةم‬‫اإلدااة‬
Evaluating Management’s Assessment
‫على‬‫المدقق‬‫تقييم‬‫تقديرات‬‫اإلدارة‬‫لمدى‬‫قدرة‬‫المنشأة‬‫على‬‫االستمرار‬‫على‬‫أساس‬‫م‬‫بدأ‬
‫االستمرارية‬.
‫خالل‬‫تقييم‬‫تقديرات‬،‫اإلدارة‬‫على‬‫المدقق‬‫تغطية‬‫نفس‬‫الفترة‬‫الزمنية‬‫التي‬َّ‫ي‬‫ق‬‫مت‬‫فيها‬‫اإلدارة‬
،‫االستمرارية‬
‫اذا‬‫كانت‬‫تقييمات‬‫اإلدارة‬‫تغطي‬‫فترة‬‫زمنية‬‫اقل‬‫من‬12‫شهر‬‫من‬‫تاريخ‬‫البيانات‬‫المالية‬
(‫مثال‬12/31/....)‫كما‬‫هو‬‫محدد‬‫في‬‫المعيار‬ISA 560,4(‫ا‬‫ال‬‫حداث‬‫الالحقة‬)،‫على‬
‫المدقق‬‫الطلب‬‫من‬‫اإلدارة‬‫ان‬‫تستكمل‬‫التقييم‬‫الى‬‫فترة‬‫ال‬‫تقل‬‫عن‬12‫شهر‬‫من‬‫تاريخ‬
‫البيانات‬‫المالية‬.
‫على‬‫المدقق‬‫األخ‬‫ذ‬‫باالعتبار‬‫إذا‬‫كان‬‫تقييم‬‫اإلدارة‬‫يتضمن‬‫جميع‬‫المعلومات‬‫ذات‬‫الع‬‫القة‬
‫والتي‬‫تبينت‬‫للمدقق‬‫بنتيجة‬‫عملية‬‫التدقيق‬.
12 - 14

‫إجراءات‬‫ظروف‬ ‫او‬ ‫احداث‬ ‫وجود‬ ‫تحديد‬ ‫عند‬ ‫اضافية‬ ‫تدقيق‬
Additional Audit Procedures When Events or Conditions Are Identified
‫إذا‬‫تم‬‫تحديد‬‫أحداث‬‫أو‬‫ظروف‬‫قد‬‫تلقي‬‫ظالال‬‫من‬‫الشك‬‫الهام‬‫حول‬‫قدرة‬‫المنشأة‬‫على‬‫اإلستمر‬،‫ار‬
‫على‬‫المدقق‬‫الحصول‬‫على‬‫أدلة‬‫تدقيق‬‫كافية‬‫ومالئمة‬sufficient appropriate audit
evidence‫من‬‫خالل‬‫تنفيذ‬‫إجراءات‬‫تدقيق‬،‫إضافية‬‫مثل‬‫اآلتي‬:
‫في‬ ‫أ‬-،‫حالة‬‫إن‬‫اإلدارة‬‫لم‬‫تنجز‬‫بعد‬‫إجراء‬‫مقةةم‬‫لردى‬‫قداة‬‫الرنشأة‬‫على‬‫االتسمرااا‬،‫ال‬‫طلب‬
‫من‬‫اإلدارة‬‫إجراء‬‫هذا‬‫التقييم‬.
‫مقةةم‬ ‫ب‬-‫خطط‬‫اإلدااة‬‫التخاذ‬‫إجراءات‬‫في‬،‫المستقبل‬‫وما‬‫إذا‬‫كانت‬‫هذه‬،‫الخطط‬‫ذات‬‫جدوى‬
‫و‬‫من‬‫المرجح‬‫أن‬‫نتائجها‬‫ستؤدي‬‫إلى‬‫تحسين‬،‫الوضع‬‫في‬‫ظل‬‫هذه‬‫الظروف‬.
‫في‬ ‫ج‬-،‫حالة‬‫أعدت‬‫المنشأة‬‫المدفقات‬‫النقدة‬‫الرموقع‬Cash Flow Forecast،‫تحليل‬‫هذه‬
‫التوقعات‬‫فهي‬‫عامل‬‫اساسي‬‫في‬‫تقييم‬:‫خطط‬‫اإلدارة‬‫والنتائج‬‫المستقبلية‬‫لألحد‬‫اث‬‫أو‬
‫الظروف‬
‫االخذ‬ ‫د‬-‫باالعتبار‬‫أي‬‫وقائع‬‫أو‬‫معلومات‬‫إضافية‬‫توفرت‬‫منذ‬‫التاريخ‬‫الذي‬‫قامت‬‫اإلدار‬‫ة‬‫فيه‬
‫بالتقييم‬.
‫الطلب‬ ‫ه‬-‫من‬‫اإلدارة‬‫إقاااات‬‫ركموب‬Written Representations،‫وعند‬‫االقتضاء‬‫من‬
‫أولئك‬‫المكلفين‬‫بالحوكمة‬TCWG،‫فيما‬‫يتعلق‬‫بالخطط‬‫المستقبلية‬‫وجدوى‬‫هذه‬‫الخطط‬.
16

‫استنتاجات‬‫المدقق‬Auditor Conclusions
‫على‬‫الردقق‬:The auditor shall
‫م‬‫قة‬‫ة‬‫ـم‬،‫أدلة‬ ‫على‬ ‫الحصول‬ ‫تم‬ ‫قد‬ ‫كان‬ ‫إذا‬ ‫ما‬‫ومالئمة‬ ‫كافية‬ ‫تدقيق‬
sufficient appropriate audit evidence‫يتعلق‬ ‫فيما‬،‫المنشأة‬ ‫باستمرار‬
،‫المحقق‬‫مالءمة‬ ‫من‬‫استخدام‬‫اإلدارة‬‫االستمرارية‬ ‫لمبدأ‬‫في‬‫المالية‬ ‫البيانات‬ ‫إعداد‬.
،‫ذلك‬ ‫ضوء‬ ‫وعلى‬‫وحسب‬‫تقدير‬‫المدقق‬‫الضروري‬ ‫من‬ ،‫اإلفصاح‬‫الكافي‬‫والرالئم‬‫ل‬‫طبيعة‬،
‫على‬ ‫المترتبة‬ ‫واآلثار‬‫الجوهري‬ ‫الشك‬‫المالية‬ ‫للبيانات‬ ‫العادل‬ ‫العرض‬ ‫لتحقيق‬،
cont’d
‫االتسمنماج‬،‫بنا‬ً‫ء‬‫على‬‫أدلة‬‫التدقيق‬‫التي‬‫تم‬‫الحصول‬،‫عليها‬‫ما‬‫إذا‬‫كان‬
‫في‬‫مقدةا‬‫الردقق‬َّ‫أن‬‫هنالك‬‫شك‬‫جوهري‬(‫عدم‬‫تيقن‬)‫متعلق‬‫باألحداث‬‫أو‬
‫الظروف‬‫التي‬‫قد‬‫تلقي‬ً‫ال‬‫ظال‬‫من‬‫الشك‬‫الكبير‬‫في‬‫قدرة‬‫المنش‬‫أة‬‫على‬
‫االستمرار‬.
17, 18

Auditor Conclusions ‫استنتاجات‬‫المدقق‬
‫على‬‫رن‬ ‫المحقق‬ ‫الردقق‬‫كفاة‬‫عند‬ ‫اإلفصاح‬‫وجود‬‫أو‬ ‫أحداث‬‫حاالت‬‫مدعو‬‫إلى‬:
‫وجود‬‫جوهاي‬ ‫شك‬‫االتسمرااا‬ ‫على‬ ‫بالقداة‬
Adequacy of Disclosures When Events or Conditions Have Been Identified and
A MATERIAL UNCERTAINTY EXISTS
‫عدم‬‫وجود‬‫جوهاي‬ ‫شك‬‫االتسمرااا‬ ‫على‬ ‫بالقداة‬
Adequacy of Disclosures When Events or Conditions Have Been Identified
BUT NO MATERIAL UNCERTAINTY EXISTS
20. If events or conditions have been identified that may cast significant
doubt on the entity’s ability to continue as a going concern but, based on the
audit evidence obtained the auditor concludes that no material uncertainty
exists, the auditor shall evaluate whether, in view of the requirements of the
applicable financial reporting framework, the financial statements provide
adequate disclosures about these events or conditions.
17, 18

November 25-26, 2015 22
‫رناتسب‬،‫هنالك‬ ‫ولكن‬‫هام‬ ‫شك‬،‫وتم‬‫الك‬ ‫اإلفصاح‬‫افي‬
‫المالية‬ ‫البيانات‬ ‫في‬ ‫عنه‬.
،‫رناتسب‬‫هنالك‬ ‫ولكن‬‫هام‬ ‫شك‬،‫ةمم‬ ‫ولم‬‫اإلفصا‬‫ح‬
‫المال‬ ‫البيانات‬ ‫في‬ ‫الهام‬ ‫التأكد‬ ‫عدم‬ ‫عن‬ ‫الكافي‬‫ية‬.
‫المدقق‬ ‫تقرير‬ ‫على‬ ‫المترتبة‬ ‫اآلثار‬
Implications for the Auditor’s Report
‫الرد‬ ‫ةتسمنمج‬ ‫عندرا‬‫قق‬
‫أن‬‫اتسمخدام‬‫اإلدااة‬
‫االتسمراااة‬ ‫لربدأ‬
‫هو‬:
When the auditor
concludes that
Management’s
use of the going
concern basis of
accounting،‫رناتسب‬ ‫غةا‬‫الم‬ ‫البيانات‬ ‫إعداد‬ ‫في‬‫الية‬
Is APPROPRIATE, but a material
uncertainty exists and Adequate
Disclosure is made in the F/S
Is APPROPRIATE, but a material
uncertainty exists and Adequate
Disclosure of a material uncertainty is
NOT made in the F/S
Is INAPPROPRIATE
‫محفظ‬ ‫بدون‬،
&‫قتسم‬‫خاص‬
Unmodified &
A Separate
Section
،‫رمحفظ‬
‫أو‬‫رعااض‬
Qualified,
OR Adverse
‫رعااض‬
Adverse
Illstr.
1
Para.
22
Illstr.
2
Para.
23
Illstr.
3
Para.
21
ISA 570 (Revised) - Going Concern
21 - 23

Illustration 1 – Unmodified Opinion When a Material Uncertainty Exists and
Disclosure in the Financial Statements Is Adequate
INDEPENDENT AUDITOR’S REPORT
Unmodified Opinion
We have audited the financial statements of (the Company), which comprise the statement of financial position
as at December 31, 20X1, and the statement of comprehensive income, statement of changes in equity and
statement of cash flows for the year then ended, and notes to the financial statements, including a summary of
significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial
position of the Company as at December 31, 20X1, and (of) its financial performance and its cash flows for the
year then ended in accordance with International Financial Reporting Standards (IFRSs).
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities
under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial
Statements section of our report. We are independent of the Company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in [jurisdiction], and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Material Uncertainty Related to Going Concern
We draw attention to Note 6 in the financial statements, which indicates that the Company incurred a net loss of
ZZ during the year ended December 31, 20X1 and, as of that date, the Company’s current liabilities exceeded
its total assets by YY. As stated in Note 6, these events or conditions, along with other matters as set forth in
Note 6, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to
continue as a going concern. Our opinion is not modified in respect of this matter.

Illustration 1 – Unmodified Opinion When a Material Uncertainty Exists and
Disclosure in the Financial Statements Is Adequate
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of
the financial statements of the current period. These matters were addressed in the context of our audit of the
financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on
these matters. In addition to the matter described in the Material Uncertainty Related to Going Concern section,
we have determined the matters described below to be the key audit matters to be communicated in our report.
[Description of each key audit matter in accordance with ISA 701.]
Responsibilities of Management and Those Charged with Governance for the Financial Statements
[Reporting in accordance with ISA 700 (Revised) – see Illustration 1 in ISA 700 (Revised).21]
Report on Other Legal and Regulatory Requirements
[Reporting in accordance with ISA 700 (Revised) – see Illustration 1 in ISA 700 (Revised).]
The engagement partner on the audit resulting in this independent auditor’s report is [name].
[Signature in the name of the audit firm, the personal name of the auditor, or both, as appropriate for the
particular jurisdiction]
[Auditor Address]

Illustration 2 – Qualified Opinion When a Material Uncertainty Exists and the Financial
Statements Are Materially Misstated Due to Inadequate Disclosure
Qualified Opinion
We have audited the financial statements of (the Company), which comprise the statement of financial position as
at December 31, 20X1, and the statement of comprehensive income, statement of changes in equity and
statement of cash flows for the year then ended, and notes to the financial statements, including a summary of
significant accounting policies.
In our opinion, except for the incomplete disclosure of the information referred to in the Basis for Qualified
Opinion section of our report, the accompanying financial statements present fairly, in all material respects (or give
a true and fair view of), the financial position of the Company as at December 31, 20X1, and (of) its financial
performance and its cash flows for the year then ended in accordance with International Financial Reporting
Standards (IFRSs).
Basis for Qualified Opinion
As discussed in Note yy, the Company’s financing arrangements expire and amounts outstanding are payable on
March 19, 20X2. The Company has been unable to conclude re-negotiations or obtain replacement financing. This
situation indicates that a material uncertainty exists that may cast significant doubt on the Company’s ability to
continue as a going concern. The financial statements do not adequately disclose this matter. This situation
indicates that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue
as a going concern. The financial statements do not adequately disclose this fact.
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under
those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements
section of our report. We are independent of the Company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in [jurisdiction], and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our qualified opinion.

Illustration 2 – Qualified Opinion When a Material Uncertainty Exists and the Financial
Statements Are Materially Misstated Due to Inadequate Disclosure
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of
the financial statements of the current period. These matters were addressed in the context of our audit of the
financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion
on these matters. In addition to the matter described in the Basis for Qualified Opinion section, we have
determined the matters described below to be the key audit matters to be communicated in our report.
[Descriptions of each key audit matter in accordance with ISA 701.]
Responsibilities of Management and Those Charged with Governance for the Financial
Statements [Reporting in accordance with ISA 700 (Revised) – see Illustration 1 in ISA 700 (Revised). 24]
The engagement partner on the audit resulting in this independent auditor’s report is [name].
[Auditor Address]

Illustration 3 – Adverse Opinion When a Material Uncertainty Exists
and Is Not Disclosed in the Financial Statements
Report on the Audit of the Financial Statements
Adverse Opinion
We have audited the financial statements of (the Company), which comprise the statement of financial position as
at December 31, 20X1, and the statement of comprehensive income, statement of changes in equity and statement
of cash flows for the year then ended, and notes to the financial statements, including a summary of significant
accounting policies.
In our opinion, because of the omission of the information mentioned in the Basis for Adverse Opinion section of
our report, the accompanying financial statements do not present fairly (or do not give a true and fair view of), the
financial position of the Company as at December 31, 20X1, and of its financial performance and its cash flows for
the year then ended in accordance with International Financial Reporting Standards (IFRSs).
Basis for Adverse Opinion
The Company’s financing arrangements expired and the amount outstanding was payable on December 31, 20X1.
The Company has been unable to conclude re-negotiations or obtain replacement financing and is considering filing
for bankruptcy. This situation indicates that a material uncertainty exists that may cast significant doubt on the
Company’s ability to continue as a going concern. The financial statements do not adequately disclose this fact.
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under
those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements
section of our report. We are independent of the Company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in [jurisdiction], and we have fulfilled our ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our adverse opinion.

Illustration 3 – Adverse Opinion When a Material Uncertainty Exists
and Is Not Disclosed in the Financial Statements
Responsibilities of Management and Those Charged with Governance for the Financial Statements
[Reporting in accordance with ISA 700 (Revised) – see Illustration 1 in ISA 700 (Revised). 27]
[Auditor Address]

Thank You
Prof. Dr. Daoud Y. Sobh

ISA 570 (Revised) Going Concern - الاستمرارية

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