the following independent situation, discuss the issue and describe the impact on the audit record: Iv. ZSZA Sdn. Bhd. Has been audited via your firm for the last six years. For the past three years, their monetary circumstance has been declining steadily. In the contemporary yr, for the first time, the modern ratio is underneath 2:1, that's the minimal requirement certain in ZSZA’s important mortgage agreement. You now have doubt about the potential of ZSZA to retain in operation for the next year.

the following independent situation, discuss the issue and describe the impact on the audit record: Iv. ZSZA Sdn. Bhd. Has been audited via your firm for the last six years. For the past three years, their monetary circumstance has been declining steadily. In the contemporary yr, for the first time, the modern ratio is underneath 2:1, that's the minimal requirement certain in ZSZA’s important mortgage agreement. You now have doubt about the potential of ZSZA to retain in operation for the next year.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter1: Comprehensive Cases

Section1.11: New Century Financial Corporation

Problem 4Q

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