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BOE-A-2026-17276 ·7 August 2026 ·Resolution Medium impact
Corporate

Statutory auditors: public consultation on the new ISA ES 570 (Revised 2024) regarding Going Concern

The ICAC has opened a public consultation period regarding the adaptation of ISA ES 570 (Revised 2024) concerning the assessment of an entity's ability to continue as a going concern. This standard aims to strengthen audit reliability and transparency in this area. The resolution also includes necessary consequential amendments to other ISA ES (such as 200, 210, 220, 230, 250, and 260) to ensure consistency within the regulatory framework.

How it affects those involved

For statutory auditors, the standard requires the adoption of new procedures to assess the continuity of audited entities under updated international standards. Audit firms must integrate these consequential amendments into their working methodologies to ensure consistency with the other affected ISA ES. The ultimate objective is to improve the quality of information provided to financial statement users regarding going concern risk.

Lifecycle

2026-08-07PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BMC.
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