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If the Auditor Concludes That There May Be a Going-Concern

Question 72

Multiple Choice

If the auditor concludes that there may be a going-concern problem,which of the following should the auditor do?


A) Withdraw from the engagement.
B) Issue a qualified or adverse opinion.
C) Identify and assess management's plan to overcome the problem.
D) Communicate this fact with management that is one level above the controller.

Correct Answer:

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