When a client has a going concern issue, .AU-C 570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern requires an _______.       emphasis-of-matter paragraph be added to the unmodified report, before the opinion paragraph     an emphasis-of-matter paragraph be added to the unmodified report, after the opinion paragraph     an explanatory paragraph be added to the unmodified report, after the opinion paragraph     an explanatory paragraph be added to the unmodified report, before the opinion paragraph Sometimes an audit population may be sufficiently small so that_______.     the auditor can ignore the account in question     the auditor can audit every item in the population     the account in question can be outsourced to the internal audit function for auditing     expressed written assurance from senior management pertaining to the account is satisfactory A Type II subsequent event _______.       provides evidence of conditions that arose after the date of the financial statements     provides evidence of conditions that arose before the date of the financial statements     provides evidence of conditions that arose after the date of the auditor’s report     provides evidence of conditions that arose before the date of the auditor’s report

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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When a client has a going concern issue, .AU-C 570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern requires an _______.
 

 

 

emphasis-of-matter paragraph be added to the unmodified report, before the opinion paragraph

 

 

an emphasis-of-matter paragraph be added to the unmodified report, after
the opinion paragraph

 

 

an explanatory paragraph be added to the unmodified report, after the opinion paragraph

 

 

an explanatory paragraph be added to the unmodified report, before the opinion paragraph

  1. Sometimes an audit population may be sufficiently small so that_______.

 

 

the auditor can ignore the account in question

 

 

the auditor can audit every item in the population

 

 

the account in question can be outsourced to the internal audit function for auditing

 

 

expressed written assurance from senior management pertaining to the account is satisfactory

A Type II subsequent event _______.
 

 

 

provides evidence of conditions that arose after the date of the financial statements

 

 

provides evidence of conditions that arose before the date of the financial statements

 

 

provides evidence of conditions that arose after the date of the auditor’s report

 

 

provides evidence of conditions that arose before the date of the auditor’s report

 

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