Frequency and nature of the reporting of going concern by auditors in the financial statements of Australian listed companies

Abstract

This report presents descriptive statistics on the reporting of going concern in the audit reports of financial statements of ASX listed companies. Analysis is presented for Australia and the World (hereafter referred to as RoW) based on the financial statements for the financial year 2021 and across the 2010-2020 period. The objective is to provide a ‘stocktake’ of the current reporting of going concern by auditors which may provide some useful background information for identifying areas of economic importance for further investigation and the policy deliberations.