If the client has a going concern issue, _______.
A) then management must make a note disclosure about the circumstances, including any plans management may have to mitigate the situation
B) then the internal auditors must make a note disclosure about the circumstances, including any plans management may have to mitigate the situation
C) then the external auditors must make a note disclosure about the circumstances, including any plans management may have to mitigate the situation
D) the auditor should recommend that management begin the liquidation process to dissolve the firm
Correct Answer:
Verified
Q25: An unmodified auditor's report is _.
A)an indication
Q26: The audit process _.
A)can typically take up
Q27: Audit reports tend to be _.
A)very different,
Q28: In the audit report, the auditor states
Q29: Showing comparative financial statements helps users _.
A)to
Q31: An emphasis-of-matter paragraph refers to when an
Q32: If an auditor wishes to draw attention
Q33: The audit report represents the _.
A)beginning of
Q34: When a client has a going concern
Q35: A/an _ is presented by the auditor
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