Analytical Procedures During Risk Assessment of a Going Concern _______

question 30

Multiple Choice

Analytical procedures during risk assessment of a going concern _______.

• A)May identify negative trends such as working capital deficiencies, adverse key financial ratios, and decreasing cash flow from operations
• B)May identify positive trends such as working capital deficiencies, adverse key financial ratios, and decreasing cash flow from operations
• C)May identify only external matters that have occurred such as loss of a key franchise, loss of a principal customer, or work stoppages due to natural disaster
• D)May identify internal matters that have occurred such as legal proceedings

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Definitions:

Sexually Abused

A situation where an individual is subjected to unwanted sexual activity by another.

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, at the expense of flexibility, openness, and efficiency.

Unforgiving Perfectionist

Describes someone who adheres rigidly to extremely high standards without allowing room for error or forgiveness.

Rigid

Describes something that is inflexible, strict, or set in its ways, often used in both physical and metaphorical contexts to denote lack of adaptability.