Based on the reading, (The Auditor’s Consideration of an Entity's Ability to Continue as a Going Concern) analyze the auditor’s responsibility to determine whether a company can continue as a going concern. From your analysis, propose at least two key factors auditors need to consider when determining an entity’s ability to continue as a going concern. Provide your rationale.
Based on the reading, (The Auditor’s Consideration of an Entity's Ability to Continue as a Going Concern) analyze the auditor’s responsibility to determine whether a company can continue as a going concern. From your analysis, propose at least two key factors auditors need to consider when determining an entity’s ability to continue as a going concern. Provide your rationale.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Completing A Quality Audit
Section: Chapter Questions
Problem 39CYBK
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Based on the reading, (The Auditor’s Consideration of an Entity's Ability to Continue as a Going Concern) analyze the auditor’s responsibility to determine whether a company can continue as a going concern. From your analysis, propose at least two key factors auditors need to consider when determining an entity’s ability to continue as a going concern. Provide your rationale.
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The auditor has a responsibility to evaluate the entity’s ability to continue as a going concern when conducting an audit.
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