An auditor's consideration of the going concern assumption does not include considering
A) knowledge of conditions and events obtained during planning and performing the audit.
B) any material uncertainties about the entity's ability to meet obligations as they fall due.
C) changes in the industry in which the entity operates which could affect future operations.
D) the auditor's final assessment of audit risk.

Question

Quizplus · Accepted Answer

The auditor's final assessment of audit risk is not directly related to the going concern assumption. A, B, and C are all factors that auditors should consider when evaluating whether the going concern assumption is appropriate for the entity under audit.

An Auditor's Consideration of the Going Concern Assumption Does Not