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Which of the Following Audit Procedures Is Most Likely to Assist

Question 1

Multiple Choice

Which of the following audit procedures is most likely to assist an auditor in identifying conditions and events that may indicate substantial doubt about an entity's ability to continue as a going concern?


A) Review compliance with the terms of debt agreements.
B) Confirm accounts receivable from principal customers.
C) Reconcile interest expense with outstanding debt.
D) Confirm bank balances.

Correct Answer:

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