Which of the Following Statements Is Not True with Respect

question 27

Multiple Choice

Which of the following statements is not true with respect to the auditors' evaluation of going-concern uncertainties?

• A) Auditors are required to gather specific evidence to assess going-concern uncertainties.
• B) If management's plans to mitigate going-concern uncertainties reduces the risk to a low level, auditors are not required to revise their opinion on the entity's financial statements.
• C) Auditors are required to document the conditions or events that suggested going-concern uncertainties.
• D) Auditors are required to evaluate the ability of an entity to continue in existence for up to one year beyond the date of the financial statements being audited.

---

Definitions:

Attribution Process

The cognitive process by which people explain the causes of behavior and events.

Computer-Mediated Communication

The exchange of messages between two or more individuals through the use of digital devices, such as computers and smartphones.

Informational Influence

A social influence process where an individual conforms to the opinions or behaviors of a group, believing the group has more accurate information.

Persuasive Arguments

Statements or reasons given with the aim of influencing the beliefs or actions of others through logic and reasoning.