CAS 570 - Going Concern,requires That the Auditor Evaluate Management's

question 57

Multiple Choice

CAS 570 - Going Concern,requires that the auditor evaluate management's assessment of the ability of the entity to continue as a going concern based on

• A)inquiry with management.
• B)the opinion of the legal counsel of the company.
• C)the liquidity and solvency ratios of the firm.
• D)the evidence collected throughout the audit.

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Definitions:

Bipolar Disorders

A mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).

Legal Term

A word or phrase that has specific meaning within the legal field.

Mentally Disturbed

A term describing individuals who have mental health issues that affect their thinking, behavior, and emotions significantly.

Criminal Actions

Activities that violate laws, constituting offenses against the state or public, subject to prosecution and legal penalties.