Which of the following is not a potential indicator of going concern problems for a client?
A)negative trends.
B)loss of key personnel.
C)plan to sell nonessential assets.
D)default on a loan.

Question

Quizplus · Accepted Answer

A plan to sell nonessential assets can actually be a positive sign for a client, as it shows that they are actively taking steps to improve their financial situation. On the other hand, negative trends (A), loss of key personnel (B), and default on a loan (D) are all potential indicators of going concern problems for a client.

Which of the Following Is Not a Potential Indicator of Going