When a Question Arises Regarding the Going-Concern Basis Additional Procedures

question 42

Multiple Choice

When a question arises regarding the going-concern basis additional procedures may be necessary. Which of the following procedures is an example of a valid additional procedure?

• A) consider the effect of unfilled customer orders.
• B) review the terms of debenture and loan agreements
• C) analyse the final financial statements.
• D) all of the above.

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Definitions:

Lie Frequently

The habitual act of providing false statements or misrepresentations of the truth.

Nonverbal Behavior

Communication without the use of spoken language, involving gestures, facial expressions, body posture, and other physical signs.

High-Quality Voice

Refers to an individual’s ability to express constructive suggestions for improvement confidently and thoughtfully within an organization.

Intelligent

The ability to learn, understand, and apply knowledge effectively, solving problems and adapting to new situations.