Explain what is meant by a close call in evaluating the going concern. If, in assessing a

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Explain what is meant by a “close call” in evaluating the going concern. If, in assessing a “close call,” the auditor concludes that the client does not need to disclose a material uncertainty related to going concern, why is it likely to be considered a key audit matter?

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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0134613116

14th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones

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