ASA 570 requires the auditor to evaluate whether there is a substantial doubt about a client's ability to continue as a going concern. One of the most important types of evidence to assess the going concern question is:
A) statistical sampling procedures.
B) confirmations of creditors.
C) analytical procedures.
D) inquiries of client and its legal counsel.

Question

Quizplus · Accepted Answer

Analytical procedures are crucial for assessing a client's financial health and identifying trends or conditions that may indicate going concern issues.

ASA 570 Requires the Auditor to Evaluate Whether There Is