The relevant period that the auditor needs to consider when assessing the appropriateness of the going concern assumption is:
A)up to the next balance date.
B)up to the expected date of the annual general meeting
C)up to the expected date of the date of the auditor's report on the following financial year.
D)None of the given answers are correct.

Question

Quizplus · Accepted Answer

The auditor assesses the going concern assumption for at least 12 months from the date of the auditor's report on the financial statements.

The Relevant Period That the Auditor Needs to Consider When