During Preliminary Audit Planning

Multiple Choice

During preliminary audit planning:

A) the auditor considers the possibility of business failure.
B) the auditor designs the audit to search for evidence to support the company's continued existence.
C) the auditor does not need to consider the possibility of business failure because that is a procedure performed during the overall evaluation at the end of the audit.
D) the auditor inquires of the company's legal advisers concerning the possibility of going concern problems.