Loose-leaf For Auditing & Assurance Services: A Systematic Approach
Loose-leaf For Auditing & Assurance Services: A Systematic Approach
11th Edition
ISBN: 9781260687637
Author: William F Messier Jr, Steven M Glover Associate Professor, Douglas F Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 17, Problem 17.18MCQ
To determine

Concept Introduction:

Going concern is one of the assumptions of the financial statement. According to this assumption, the entity is expected to run its business for the foreseeable future. Hence the financial statements are prepared assuming that the business will run at least for the next financial statement.

To choose: The procedure that can help the auditor to check the going concern assumption.

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