For the client to be considered a going concern,the auditor must satisfy himself or herself that the entity will continue in existence for a reasonable period of time,usually one year from the last day of the fiscal year.

Question

Quizplus · Accepted Answer

This statement is true. The auditor is required to consider whether there is substantial doubt about the entity's ability to continue as a going concern for at least one year from the date of the financial statements.

For the Client to Be Considered a Going Concern,the Auditor