Which of the following statements are true in regards to going concern following IPSAS 1 "Presentation of financial statements"? Please select the right answer. Sorry, your answer was not correct! X The going concern assessment shall be made by those responsible for the preparation of financial statements Financial statements shall, under ordinary circumstances, be prepared on a going concern basis If there are uncertainties in regards to going concern this shall be disclosed All of the above are correct

Which of the following statements are true in regards to going concern following IPSAS 1 "Presentation of financial statements"? Please select the right answer. Sorry, your answer was not correct! X The going concern assessment shall be made by those responsible for the preparation of financial statements Financial statements shall, under ordinary circumstances, be prepared on a going concern basis If there are uncertainties in regards to going concern this shall be disclosed All of the above are correct

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 24MCQ

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Question

Which of the following statements are true in regards to going concern following IPSAS 1 "Presentation of financial statements"?
Please select the right answer.
Sorry, your answer was not correct!
X
The going concern assessment shall be made by those responsible for the preparation of financial statements
Financial statements shall, under ordinary circumstances, be prepared on a going concern basis
If there are uncertainties in regards to going concern this shall be disclosed
All of the above are correct

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