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:

Implicit Memories

Memories that are not consciously recalled but influence behaviors and skills, such as procedural memories for tasks.

Classical Conditioning

A conditioning method where a response initially triggered by a second stimulus comes to be triggered by the first stimulus alone, due to the repeated pairing of the two stimuli.

Cerebellum

A part of the brain located at the back of the skull, primarily responsible for coordinating voluntary movements and maintaining posture and balance.

Explicit Memories

Memories that can be consciously recalled, such as facts, knowledge, and experiences.