If the Auditor Concludes That There May Be a Going-Concern

question 72

Multiple Choice

If the auditor concludes that there may be a going-concern problem,which of the following should the auditor do?

• A)Withdraw from the engagement.
• B)Issue a qualified or adverse opinion.
• C)Identify and assess management's plan to overcome the problem.
• D)Communicate this fact with management that is one level above the controller.

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