The going concern assumption means: (a) The entity is facing difficulties continuing as a going concern. (b)
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The going concern assumption means:
(a) The entity is facing difficulties continuing as a going concern.
(b) The entity is viewed as continuing in business for the foreseeable future with no need for liquidation.
(c) Assets and liabilities are stated at liquidation values.
(d) The auditor is concerned about whether the entity is going to change locations.
LiquidationLiquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....
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SOHAM BANDYOPADHYAY
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B.Tech (CSE), M.Tech,MBA
Total experiences:13 years.
Since 2006 to till date lecturer at following colleges.
1. Dr.B.C.Roy Engineering College, Polytechnic Division, Durgapur, India, since 2014.
2. ABS Academy of Science, Technology & Management, Durgapur, India, from 2008 to 2014.
3. NSHM ,Durgapur, India, from 2006 to 2008.
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Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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