The Auditor Is Responsible for Evaluating the Likelihood of a Client

Multiple Choice

The auditor is responsible for evaluating the likelihood of a client continuing as a going concern for a reasonable period of time.A reasonable period of time is which of the following?

A) one year from the audit report date.
B) one year from the last day of field work.
C) one year from the balance sheet date.
D) two years from the balance sheet date.