Answered: List 3 audit procedures that an auditor…

List 3 audit procedures that an auditor can employ to assess whether their client has a going concern issue. Answer in the table below: Audit Procedures 1 2 3

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

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 24RQSC

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Question

List 3 audit procedures that an auditor can employ to assess whether their client has a going concern issue.

Answer in the table below:

	Audit Procedures
1
2
3

Definition Definition Methods and techniques used by the auditor to gather the appropriate evidence so that a true and fair judgment can be made on the quality of the financial statements of the client. Audit procedures are developed after determining audit objectives, scope, approach, and risk assessment.

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