The opinion and comments made by auditor are highly valued and given huge prominence, but in the recent years, there has been thrust upon the auditors to present their audit report in such a manner that it comes out as lot more relevant and informative. The new and revised standards are here to fill that void and gap. The new standard clearly states and segregates the respective responsibilities of management and the auditor for GC. Moreover, an additional separate section has been added that gives adequate disclosure if there be any material uncertainty under a separate heading titled “Material Uncertainty Related to Going Concern”. Another breakthrough change that has been incorporated is the eligible grounds to challenge the adequacy of the disclosures which seem to be seen as close calls in the context of reporting financial framework. It becomes vital if there is identification of any events or conditions that are have significant ‘materiality’ value attached to it and can put the going concern attribute of the organization in danger and threat.