If Auditors Identify Risk Factors That Indicate That the Going

question 17

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:

Overeating Carbohydrates

The consumption of carbohydrates in amounts exceeding the body's energy requirements, often leading to weight gain.

Whole Grains

Grains that contain all essential parts and naturally-occurring nutrients of the entire grain seed in their original proportions.

Nutrients

Substances needed for growth, metabolism, and for other body functions; includes vitamins, minerals, carbohydrates, fats, and proteins.

Energy Source

Any substance or system that can be utilized to produce energy or power, including fossil fuels, solar energy, wind energy, and nuclear power.