Which of the Following Factors Is Not Relevant When Management

question 12

Multiple Choice

Which of the following factors is not relevant when management is assessing the going concern assumption?

• A) Whether the auditor specialises in the client's industry
• B) The time into the future that an event is likely to take place
• C) The nature and condition of the entity's business
• D) The size and complexity of the entity

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Definitions:

Sensorimotor Substage

A phase in Jean Piaget’s theory of cognitive development, where infants learn through sensory experiences and manipulating objects.

Secondary Circular Reactions

Repetitive actions in young infants that serve to reinforce the infant's own actions on the environment, part of Piaget's sensorimotor stage of cognitive development.

Age Range

The span of years that separates the youngest from the oldest members of a population or group.

Outwardly Directed

Referring to actions or behaviors focused on external environments or people rather than oneself.