If the Client Has a Going Concern Issue, _______

question 61

Multiple Choice

If the client has a going concern issue, _______.

• A)then management must make a note disclosure about the circumstances, including any plans management may have to mitigate the situation
• B)then the internal auditors must make a note disclosure about the circumstances, including any plans management may have to mitigate the situation
• C)then the external auditors must make a note disclosure about the circumstances, including any plans management may have to mitigate the situation
• D)the auditor should recommend that management begin the liquidation process to dissolve the firm

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Definitions:

Electronic Democracy

A form of democracy in which information and communication technology is used to enhance political and governmental processes.

Political Participation

Activities by individuals aimed at influencing political decisions or the selection of political leaders.

Civil Society

refers to the aggregate of non-governmental organizations and institutions that manifest interests and will of citizens or the society at large, working on the voluntary basis.

State Institutions

Established organizations or foundations, typically funded and operated by the government, designed to serve the public interest and fulfill a specific function.