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After Considering Management's Plans, If Auditors Determine There Is Substantial

Question 81

Multiple Choice

After considering management's plans, if auditors determine there is substantial doubt about the entity's ability to continue as a going concern, _______.


A) the auditor should consider withdrawing from the engagement
B) the next steps are to consider the possible effects on the financial statements and on the auditor's report
C) the next steps are to consider the possible effects on the financial statements and on the internal auditor's report
D) the auditor should attempt to locate alternative lines of debt and equity capital for the client

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