Auditing Standards Require Auditors to Evaluate Whether There Is a Substantial

question 106

Multiple Choice

Auditing standards require auditors to evaluate whether there is a substantial doubt about a client's ability to continue as a going concern.One of the most important audit procedures to perform to assess the going concern question is:

• A)analytical procedures.
• B)confirmations from creditors.
• C)statistical sampling procedures.
• D)inquiries of client and its legal counsel.

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Definitions:

Illustrators

Nonverbal behaviors that accompany a verbal message and either contradict, accent, or complement it.

Emblems

Nonverbal cues that have specific, generally understood meanings in a given culture and may substitute for a word or phrase.

Regulators

Nonverbal signals used to control, maintain, or facilitate the flow of communication in an interaction, such as nodding to indicate agreement or attention.

Nonverbal Cues

Communication signals expressed through body language, facial expressions, and other physical behaviors rather than words.