<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The Covid-19 pandemic and the measures introduced to prevent its further spread have undoubtedly led to significant business uncertainties regarding the going concern principle. Not only has the global economy experienced negative effects of the pandemic, but a number of professions as well, including auditing. With their significant responsibility in assessing the going concern, auditors face a number of challenges. The aim of this paper is to point out the need for more extensive consideration of auditors in assessing the going concern, as well as the challenges auditors face in a pandemic and the ways in which they overcome these limitations.</p></abstract>

The Covid-19 pandemic and the measures introduced to prevent its further spread have undoubtedly led to significant business uncertainties regarding the going concern principle. Not only has the global economy experienced negative effects of the pandemic, but a number of professions as well, including auditing. With their significant responsibility in assessing the going concern, auditors face a number of challenges. The aim of this paper is to point out the need for more extensive consideration of auditors in assessing the going concern, as well as the challenges auditors face in a pandemic and the ways in which they overcome these limitations.

Auditors’ Responsibility in Assessing Going Concern Assumption Affected by Covid-19

Economic Themes

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The Covid-19 pandemic and the measures introduced to prevent its further spread have undoubtedly led to significant business uncertainties regarding the going...

Auditors’ Responsibility in Assessing Going Concern Assumption Affected by Covid-19

Published Online: Apr 27, 2021

Page range: 77 - 93

Received: Sep 01, 2020

Accepted: Feb 08, 2021

DOI: https://doi.org/10.2478/ethemes-2021-0005

Keywords
going concern, auditors’ approach, Covid-19

© 2021 Milica Đorđević et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Auditors’ Responsibility in Assessing Going Concern Assumption Affected by Covid-19

Published Online: Apr 27, 2021

Page range: 77 - 93

Received: Sep 01, 2020

Accepted: Feb 08, 2021

DOI: https://doi.org/10.2478/ethemes-2021-0005

Keywordsgoing concern, auditors’ approach, Covid-19

© 2021 Milica Đorđević et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
going concern, auditors’ approach, Covid-19