In the audit of Cerberus, SA, of Bydgoszcz, Poland, Merek Olzewski, Certified Public Accountant (CPA), found indications

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In the audit of Cerberus, SA, of Bydgoszcz, Poland, Merek Olzewski, Certified Public Accountant (CPA), found indications that Cerberus may have going concern problems.

Required:

A. List three financial, two operating and two other indications that Olzewski might have found that show Cerberus may have going concern problems.

B. Because the Going Concern assumption is in question, what additional audit procedures would Olzewski undertake?

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Principles of Auditing An Introduction to International Standards on Auditing

ISBN: 978-0273768173

3rd edition

Authors: Rick Hayes, Philip Wallage, Hans Gortemaker

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Question Posted: May 23, 2018 05:32 AM

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In the audit of Cerberus, SA, of Bydgoszcz, Poland, Merek Olzewski, Certified Public Accountant (CPA), found indications

Question:

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A There are three financial two operating and two other indications that Olzewski show Cerberus may have going concern problems The following is a dis...View the full answer

Principles of Auditing An Introduction to International Standards on Auditing

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