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Discuss the impact of changes on audit

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Reference no: EM133239871

In 2019, the Financial Reporting Council (FRC) issued a revised International Standard on Auditing (ISA (UK)) 570, Going Concern. UK 570 is mandatory for UK audits of financial statements with accounting periods commencing on or after 15 December 2019. Summarize the changes in this revised standard. Discuss the impact of such changes on audit (provide examples if possible).

Reference no: EM133239871

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