Multiple Choice
If auditors identify risk factors that indicate that the going concern assumption is in doubt, they will
A) undertake procedures to gather evidence regarding each risk factor.
B) refuse to continue as the auditor of their client.
C) report the client to the Canada Revenue Agency.
D) reduce the extent of further audit testing that they undertake.
Correct Answer:

Verified
Correct Answer:
Verified
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Q22: Which of the following statements regarding the
Q23: The going concern assumption is made when
Q25: An example of an attitude or rationalization
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