Which One of the Following Is Not a Key Condition

question 56

Multiple Choice

Which one of the following is not a key condition indicating doubt about a client's ability to continue as a going- concern?

• A)Adverse key financial ratios.
• B)Employee strike that halts operations for several months.
• C)Company has not paid dividends to date.
• D)Default on bank debt.

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Definitions:

Figurehead

A person who holds a title or office but has little real power or authority, often serving a symbolic role.

Liaison

A person or role that acts as a link to assist in communication or cooperation between groups or individuals.

Ethics Mindfulness

An enriched awareness that causes one to consistently behave with ethical consciousness.

Ethical Consciousness

An individual’s or organization’s awareness and sensitivity to ethical issues and the ethical implications of their decisions and actions.