What Should Auditors Do If There Are Risk Factors That

question 20

Essay

What should auditors do if there are risk factors that indicate that the going concern assumption is at risk?

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Definitions:

WAN

A Wide Area Network (WAN) is a telecommunications network designed for computer networking, covering vast geographic regions.

P2P

Peer-to-Peer, a decentralized communications model in which each party can initiate a communication session and has equal privileges.

LAN

Local Area Network, a network that connects computers and devices in a limited geographical area, such as a home, school, or office building.

Bundled Data

The practice of packaging multiple services or data together as a single offering, commonly seen in mobile or internet services.