Multiple Choice
Auditing standards require that the auditor evaluate whether there is a substantial doubt about a client's ability to continue as a going concern for at least
A) one quarter beyond the balance sheet date.
B) one quarter beyond the date of the auditor's report.
C) one year beyond the balance sheet date.
D) one year beyond the date of the auditor's report.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: The standard inquiry to the client's attorney
Q39: Which of the following is a contingent
Q40: If an auditor concludes there are contingent
Q41: Distinguish between contingent liabilities and commitments.
Q42: An auditor performs interim work at various
Q44: If the auditor determines that a subsequent
Q45: As part of phase IV of the
Q46: The accounting standards require management to evaluate
Q47: An attorney is aware of a violation
Q48: The accounting standards state that management is