d. Which of the following correctly identifies a risk facing SSC that might affect its ability to continue as a going concern over the long run? Multiple Choice Competition from several competitors. Your CPA firm's decision to issue standard unmodified audit reports not mentioning the going-concern status during the past five years. Obsolescence of all products due to rapid changes in technology in the industry.

d. Which of the following correctly identifies a risk facing SSC that might affect its ability to continue as a going concern over the long run? Multiple Choice Competition from several competitors. Your CPA firm's decision to issue standard unmodified audit reports not mentioning the going-concern status during the past five years. Obsolescence of all products due to rapid changes in technology in the industry.

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 8TFQ

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