Why does the financial reporting profession struggle with clarity, engagement, and getting the complex things right the first time? In this episode, Wayne, Judith, and producer Chris reflect on what they’ve learned from building Financial Reporting Conversations and why tone, structure, and practical relevance matter just as much as technical accuracy. They unpack the real gap this podcast is trying to fill, why “unknown unknowns” keep causing Blind Freddy mistakes, and how auditors and prepa...
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Why does the financial reporting profession struggle with clarity, engagement, and getting the complex things right the first time? In this episode, Wayne, Judith, and producer Chris reflect on what they’ve learned from building Financial Reporting Conversations and why tone, structure, and practical relevance matter just as much as technical accuracy. They unpack the real gap this podcast is trying to fill, why “unknown unknowns” keep causing Blind Freddy mistakes, and how auditors and prepa...
Understanding Going Concern Under IFRS and ISA 570
Financial Reporting Conversations
17 minutes
2 months ago
Understanding Going Concern Under IFRS and ISA 570
When does going concern become more than just an accounting phrase and turn into the question that determines whether a business survives? In this episode, Wayne and Judith break down what IFRS (IAS 1) and ISA 570 really require when assessing an entity’s going concern assumption. They walk through the key steps: identifying uncertainties, assessing materiality, and determining when those uncertainties become “material uncertainties” that must be disclosed. You’ll hear practical examples of h...
Financial Reporting Conversations
Why does the financial reporting profession struggle with clarity, engagement, and getting the complex things right the first time? In this episode, Wayne, Judith, and producer Chris reflect on what they’ve learned from building Financial Reporting Conversations and why tone, structure, and practical relevance matter just as much as technical accuracy. They unpack the real gap this podcast is trying to fill, why “unknown unknowns” keep causing Blind Freddy mistakes, and how auditors and prepa...
