Auditing Standards (SAS No

question 13

Multiple Choice

Auditing Standards (SAS No. 59) requires auditors to evaluate whether there is a substantial doubt about a client's ability to continue as a going concern. One of the most important audit procedures to perform to assess the going concern question is:

• A) analytical procedures.
• B) confirmations of creditors.
• C) statistical sampling procedures.
• D) inquiries of client and its legal counsel.

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Definitions:

Business Processes

The series of activities or tasks that companies perform to create value, deliver products, or provide services.

Copyrightable

Qualifying for copyright protection; used to describe original works of authorship that are fixed in a tangible medium of expression.

Unauthorized Reproduction

The creation of copies of copyrighted material without the permission of the copyright holder.

Infringement of Copyright

The unauthorized use of copyrighted material without the permission of the copyright owner, constituting a legal violation.