On What Information Does the Auditor Base a Going Concern

question 45

Multiple Choice

On what information does the auditor base a going concern evaluation?

• A)On separate procedures.
• B)On the management discussion and analysis (MD&A).
• C)On information obtained from normal audit procedures performed to test management's assertions.
• D)On the statement of cash flows for the current period.

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Definitions:

Thinking-Type

A classification in personality theory referring to individuals who prioritize logic and objective criteria in decision-making over personal feelings or values.

Feeling-Type

Refers to a personality disposition that prioritizes emotions and values in decision-making processes.

Work Related Stressors

Factors or conditions in the workplace that cause stress, affecting employee health and productivity.

Birth of a Child

A significant life event denoting the arrival of a new member in a family through birth.