If the Auditor Concludes That There May Be a Going

question 67

Multiple Choice

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

• 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 one level above the controller.

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Definitions:

Contributing

The act of giving or adding to something, especially in the context of a group effort or project.

HR Department

The division within a company responsible for managing all aspects of employee relations, including recruitment, training, payroll, and benefits administration.

Business Partner

An individual or organization that collaborates with another entity in a mutually beneficial relationship.

Change Manager

A professional responsible for overseeing and facilitating the process of organizational change, including managing resistance and ensuring smooth transitions.