All 18 Going Concern questions
More in Going Concern
How does the auditor evaluate management's going concern assessment? What time period does the going concern assessment cover? What are mitigating factors in a going concern assessment? What disclosures are required when there is significant going concern doubt? What is a material uncertainty related to going concern? How do going concern conclusions affect the auditor's report? How do you audit a cash flow forecast supporting going concern? How does subsequent-event review interact with going concern? What are the auditor's options if management is unwilling to make or extend a going concern assessment? How should the auditor handle a 'close call' going concern situation?
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Auditing & Assurance › Going Concern

How does going concern relate to Key Audit Matters (KAMs)?

Intermediate

Answer

Going concern matters involving significant auditor judgment may be reported as a Key Audit Matter under ISA 701 (for listed entities), separate from any Material Uncertainty section. Even without a material uncertainty, if going concern required significant attention (e.g., close-call assessment), it can be a KAM describing how the auditor addressed it.
Real-world example A close-call going concern assessment with no material uncertainty is still described as a KAM in the listed company's report.

Common follow-ups: Can going concern be a KAM without a material uncertainty? | How do KAMs and the MU section differ?

Audit Report & Opinions ISA Standards Going Concern
All 18 Going Concern questions