SA 570 (Revised) requires the ଅଡିଟର୍ to evaluate 16 indicators across financial, operating, and other categories before concluding on the going concern basis. CORAA pre-fills the eight financial indicators from Balance Sheet, P&L, and Cash Flow data automatically. The four operating and four other indicators require ଅଡିଟର୍ judgment with ହଁ/ନା/N/A confirmation. The final conclusion drives the Opinion type per the SA 570 → SA 700 mapping table.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
CORAA reads BS, P&L, and Cash Flow to compute the eight financial indicators, working capital position, debt-service coverage, current ratio trend, net liability detection, accumulated losses, and three more. Each shows the evidence inline (the computation, the underlying ଲେଜର୍).
The four operating indicators (loss of key customer, supply chain disruption, employee unrest, technology obsolescence) and four other indicators (pending litigation, regulatory action, breach of covenant, parent support uncertainty) require ଅଡିଟର୍ judgment. ହଁ/ନା/N/A with notes.
Based on the 16 indicators, the ଅଡିଟର୍ concludes, Going Concern Appropriate, Going Concern Appropriate with MUEC (Material Uncertainty Existing), or Going Concern Inappropriate. The conclusion drives the Opinion type via the SA 570 → SA 700 mapping table.
CORAA computes and pre-fills eight financial indicators from BS, P&L, and Cash Flow. Each indicator shows the underlying evidence, the formula, the source ଲେଜର୍, the numerical result. The ଅଡିଟର୍ confirms or overrides with notes.
Eight non-financial indicators require ଅଡିଟର୍ judgment. CORAA captures ହଁ/ନା/N/A with notes. Common indicators include loss of major customer, supply chain disruption, regulatory action, pending litigation with material impact, and parent-company support uncertainty.
SA 570 → SA 700 ।
SA 570 · SA 230 · NFRA ।
