Multiple Choice
Which of the following is not an example of a mitigating factor that reduces the risk that the going concern assumption may be in doubt?
A) Significant rapid increase in competition
B) The ability to raise additional funds via borrowings
C) The ability to sell an unprofitable segment of the business
D) A letter of guarantee from a parent company
Correct Answer:

Verified
Correct Answer:
Verified
Q41: Which of the following statements regarding the
Q42: It is the responsibility of the auditor
Q43: An auditor is not concerned with transactions
Q44: Under the going concern assumption,assets are valued
Q45: Misappropriation of assets fraud involves intentionally misstating
Q46: Explain the three main stages of an
Q47: The purchase of a new 'off the
Q48: If auditors believe there is a risk
Q50: Opportunities to perpetrate a fraud include all
Q51: What is corporate governance and what are