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:

NIOSH Standards

Guidelines and recommendations issued by the National Institute for Occupational Safety and Health for preventing workplace injuries and illnesses.

General-Duty Clause

A provision that requires employers to provide a workplace free from recognized hazards that could cause harm to employees.

Americans With Disabilities Act

A legal statute that forbids the unequal treatment of people with disabilities, covering various public sectors like employment, education, transit, and both public and private venues accessible to the public.