Auditing Standards Require Auditors to Evaluate Whether There Is Substantial

question 115

Multiple Choice

Auditing standards require auditors to evaluate whether there is 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) tests of internal controls.

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Definitions:

Recursive Method

A method in programming that calls itself in order to solve a problem by breaking it down into simpler subproblems.

Precondition

A condition that must be true before a function or operation is executed, ensuring that the function's or operation's assumptions hold.

Infinite Recursion

A function that calls itself indefinitely, often resulting in a stack overflow error.

Func1

Typically a placeholder name for a function in programming, implying the first function or a generic function with no specific definition.