The going concern assumptionGoing Concern Assumption is a fundamental principle in accounting and auditing, emphasizing an entity’s ability to continue its operations in the foreseeable future. This study examines how the going concern assumption is evaluated in the renewable energy sector, specifically within a wind energy entity. Using a case study approach, it explores the stages of the audit process—risk assessmentRisk Assessment, responding to risk, and reportingReporting—according to International Standards on Auditing (ISA 570). Despite the entity’s negative equityNegative Equity due to significant financing expenses from foreign currency-denominated loans, the study demonstrates that understanding sector-specific factors and legal frameworks is critical. After a thorough assessment, the auditor concluded that the use of going concern assumption is appropriate and issued an unqualified opinion, with relevant disclosuresDisclosure highlighted as key audit matterKey Audit Matters. This paper underscores the importance of professional judgment, analytical proceduresProcedures, and sector knowledge in forming a reliable going concern evaluation in auditing practices.