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062020 Going Concern: Audit Procedures

The COVID-19 going concern procedures required in audits, reviews and compilations.

R 475
Category Accounting
Accredited SAIBA
CPD Hours 2
Effort 2 Hours
Duration 2 Hours
Format Webinar
Level Moderate
Assessment Yes
Supervised No
Pre-Entry No
Tuition Mandatory
Study Material No

What you will learn

By the end of this event the participant will be able to: 

  • Conduct an audit, review or compilation under going concern considerations.  
  • Keep appropriate working papers to reflect considerations of going concern. 
  • Prepare a report that protects against liability and is compliant with the requirements of the standards. 

Study Units

Introduction - COVID-19 implications on going concern

Management's responsibilities

Auditor's responsibilities

Independent reviewer's/compiler's responsibilities.

Risk assessment procedures undertaken by assurance practitioner.

Evaluation of management’s assessment of going concern.

Periods beyond management’s assessment

Additional procedures

Consideration of other Information

Significant delays in the approval of financial statements

Specific considerations of subsequent events

Appropriate disclosure of COVID-19 information in AFS

Implications for the auditor’s/independent reviewer's/compiler's reports


  1. There are no preconditions for this course.  
  2. Moderate level.
  3. Recorded webinar made available on a specified date


Many factors impact the ability of an entity to continue as a going concern. These factors include the industry and geographic area of operations, the financial health of customers and suppliers, and financial liquidity and solvency of the entity.  As a result of the COVID-19 pandemic and the associated deteriorating economic environment, reduced revenues and cash flows could raise questions about the entity’s ability to meet its current or new obligations and comply with debt covenants. 

During this webinar we will highlight key areas of focus in the current environment when undertaking procedures relating to, and concluding on, the appropriateness of management’s use of the going concern basis of accounting in accordance with the International Standards on Auditing, Reviews and Compilations.  It is helpful in understanding the responsibilities of the auditor, independent reviewer and compiler in relation to going concern, as well as any modifications made to their respective reports in respect of any uncertainties related to going concern. 



The following pricing apply: 

  • Ad hoc: R475.00  
  • Subscription: N/A



This webinar will be available from 12 June 2020. 



Lettie Janse van Vuuren CA(SA), RA 

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style.  She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.  Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.  

She is responsible for researching, compiling and presenting the SAIBA Quick Update Subscription package.  


  1. Business Accountant (SA).
  2. Business Accountants in Practice (SA)
  3. Registered auditors.  
  4. Independent reviewers.   
  5. Compilers.   


By attending this webinar, you will be provided with:  

  • Summarised slide presentation. 
  • Reference documents and / or course material where available. 
  • Access to a technical knowledge base.
  • Recorded webinar that includes an expert presenter. 



This event is included in the following subscription packages. If you are not a subscriber, you need to purchase as a stand-alone event. 

  1. Accountant in Practice: No
  2. Accountant in Practice plus tax: No
  3. Bookkeeper: No 
  4. Quickupdate: No
  5. IFRS for SME's: No



Subscribers pay less for their CPD points. SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice. Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax. 

Click here to choose your subscription option.