If There Is Substantial Doubt About the Entity's Ability to Continue

question 11

True/False

If there is substantial doubt about the entity's ability to continue as a going concern, the auditor should obtain information about the management's plans to mitigate the problem and assess the likelihood that such plans can be implemented.

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Definitions:

Node

A point in a network or diagram at which lines or pathways intersect or branch.

Repeater

A device that receives a signal and retransmits it at a higher power or to the other side of an obstruction, so that the signal can cover longer distances without degradation.

Network Protocol

A formal set of rules and conventions that govern how data is communicated over a network, ensuring successful data transmission between different devices.

Data Transmission

The process of transferring data between two or more entities through any transmission medium, whether it's wired, wireless, or fiber optics.