Issues of assessing the going concern when investing in active entity

Abstract

In the context of a rapidly changing external and internal economic environment, the issues of assessing the con-tinuity of the activities of organizations acquire particular relevance. The responsibility for assessing the going concern rests with the auditors who audit the annual financial statements. This issue is also relevant for investors, since it makes no sense to invest in a business that will soon cease to exist. International financial reporting standards and the legislation of the Republic of Belarus provide for the applica-tion of the following approaches for assessing continuity: standard approach; an approach based on the principle of eco-nomic cyclicality; approach based on the concept of financial sustainability; approach based on the concept of solvency; risk-based approach; scenario approach. The article analyzes the main approaches to assessing the continuity of an organization's activities and gives a characteristic to each of them. Recommendations for improving the methods of assessing business continuity are given.