The Auditor's Responsibility Regarding the Going Concern Assumption Is to

question 8

Multiple Choice

The auditor's responsibility regarding the going concern assumption is to

• A)evaluate the possibility that the company could go bankrupt
• B)obtain sufficient appropriate evidence to evaluate the appropriateness of management's use of the going concern assumption in the preparation and presentation of the financial statements
• C)conclude about whether there is a material uncertainty about the company's ability to continue as a going concern
• D)determine the implications for the work papers
• E)estimate the net income that the company expects to earn during the current year
• F)both A and B
• G)both B and C
• H)both D and E

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