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If the Auditor Concludes That Substantial Doubt Does Not Exist

question 101

Essay

If the auditor concludes that substantial doubt does not exist, he or she should still consider the need for disclosure. What information might be disclosed?


Definitions:

Result

The outcome or final value obtained after performing a calculation or a series of operations.

Final Value

The ultimate quantity or result that is arrived at after all calculations or changes have been applied.

Result

The consequence or effect obtained after performing a specific action or series of actions.

Original Amount

The initial sum of money before any changes, such as appreciation, depreciation, or interest, have been applied.

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