If Auditors Identify Risk Factors That Indicate That the Going

question 24

Multiple Choice

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

• A) undertake procedures to gather evidence regarding each risk factor.
• B) refuse to continue as the auditor of their client.
• C) report the client to the Canada Revenue Agency.
• D) reduce the extent of further audit testing that they undertake.

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Definitions:

Heteronormativity

The belief system or social bias that presumes heterosexual relationships and norms as the default or only valid option.

Transsexuals

Transsexuals are individuals who have a gender identity that is different from the sex they were assigned at birth and who often seek to live as, or transition to, the gender with which they identify, sometimes involving medical intervention.

Physical Violence

The use of physical force with the intention of causing harm, injury, or physical suffering to an individual or group.

Homosexuals

Homosexuals are individuals who are emotionally, romantically, or sexually attracted to people of the same gender.