Which of the following factors is not relevant when management is assessing the going concern assumption?
A)The nature and condition of the entity's business
B)Whether the auditor specialises in the client's industry
C)The time into the future that an event is likely to take place
D)The size and complexity of the entity

Question

Quizplus · Accepted Answer

Whether the auditor specializes in the client's industry is not relevant when assessing the going concern assumption. The other factors listed - the nature and condition of the entity's business, the time into the future that an event is likely to take place, and the size and complexity of the entity - are all relevant in assessing the entity's ability to continue operating as a going concern.

Which of the Following Factors Is Not Relevant When Management