4 paragraphs found
… to be delivered by the public sector, going concern risk may be assessed as low on the basis that that it can be … these public functions. For these types of entities, the risk associated with changes in policy direction is likely to be greater than any operational or business-related risks. …
… In the public sector, the risk associated with changes in policy direction may be greater than any operational or business-related risks. ASA 570 risk indicators may be more relevant to …
… but sometimes overlapping, factors: the more likely risk associated with changes in policy direction (for … a change in government); and the less common operational or business risk (for example, where an entity has insufficient working …
… addition to the ASA 570 factors related to operational and business risk, the public sector auditor takes into consideration the …