Auditing and Assurance Services, Student Value Edition (16th Edition)
Auditing and Assurance Services, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134075754
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
Question
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Chapter 24, Problem 26DQP

a.

To determine

Identify the auditor’s obligation to consider whether the client can continue as a going concern.

b.

To determine

Identify the time period in which auditor is required to consider the client’s ability to continue as a going concern.

c.

To determine

Identify the factors that are relevant for the going concern assessment for MNF.com and state the additional information that the auditor has to consider in the going concern.

d.

To determine

State the auditors’ responsibility to evaluate whether the management’s plans will be effective.

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