Going Concern Affects

question 3

Multiple Choice

Going concern affects:

• A) the scope of the audit.
• B) the audit opinion.
• C) the decision whether or not to accept a client.
• D) All of the above.

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Definitions:

Null Hypothesis

A statement used in statistics that proposes there is no significant difference or effect, serving as the assumption to be tested.

Mean

The arithmetic average of a set of numbers, calculated by adding up all the values and then dividing by the number of values.

Pay Equity

Pay equity refers to the principle of equal pay for work of equal value, aiming to eliminate wage discrimination based on gender, race, or other unrelated factors to job performance.

Wilcoxon Rank Sum Test

The Wilcoxon Rank Sum Test is a non-parametric statistical test used to compare two independent groups when the data cannot be assumed to be normally distributed.