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?

---

Definitions:

Employee Engagement

The emotional commitment the employee has to the organization and its goals, influencing their willingness to contribute to organizational success.

Corporate Ladder

A metaphorical hierarchy within a business organization that employees ascend as they gain promotions and responsibilities.

Interviewer Illusion

The tendency for interviewers to overestimate their ability to evaluate interviewees accurately, often leading to biased judgments.

Face-To-Face Conversations

Direct communication between people in the same location, allowing for immediate feedback and nonverbal cues.