If Auditors Identify Risk Factors That Indicate That the Going

question 38

Multiple Choice

If auditors identify risk factors that indicate that the going concern assumption is in doubt,they will:

• A)Refuse to continue as the auditor of their client.
• B)Report the client to the Australian Taxation Office.
• C)Reduce the extent of further audit testing that they undertake.
• D)Undertake procedures to gather evidence regarding each risk factor.

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