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When an auditor concludes that there is a significant doubt on the entity's ability to continue as a going concern for a period, the auditor is responsible to: Withdraw the audit engagement. Report to the company's shareholder. Express a qualified or adverse opinion, depending upon materiality. Adequate disclosure of the nature and implication of the uncertainty.

When an auditor concludes that there is a significant doubt on the entity's ability to continue as a going concern for a period, the auditor is responsible to: Withdraw the audit engagement. Report to the company's shareholder. Express a qualified or adverse opinion, depending upon materiality. Adequate disclosure of the nature and implication of the uncertainty.

Auditing: A Risk Based-Approach to Conducting a Quality Audit
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
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 38RSCQ
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THlled AlSaadi Which one of the following statements is most appropriate to Control risk? When an auditor concludes that there is a significant doubt on the entity's ability to continue as a going concern for a period, the auditor is responsible to: Withdraw the audit engagement. Report to the company's shareholder. Express a qualified or adverse opinion, depending upon materiality. Adequate disclosure of the nature and implication of the uncertainty. Which one of the following best describes the auditor's responsibilities in evaluating the appropriateness of the going concern assumptions? Auditing and Cont. EN
Transcribed Image Text:THlled AlSaadi Which one of the following statements is most appropriate to Control risk? When an auditor concludes that there is a significant doubt on the entity's ability to continue as a going concern for a period, the auditor is responsible to: Withdraw the audit engagement. Report to the company's shareholder. Express a qualified or adverse opinion, depending upon materiality. Adequate disclosure of the nature and implication of the uncertainty. Which one of the following best describes the auditor's responsibilities in evaluating the appropriateness of the going concern assumptions? Auditing and Cont. EN
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