Explain briefly the auditors responsibility for assessing the propriety of the auditee adopting the going concern assumption

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Explain briefly the auditor’s responsibility for assessing the propriety of the auditee adopting the going concern assumption during:

(i) The ‘risk assessment’ phase of the audit.

(ii) The ‘evidence gathering’ phase of the audit.

(iii) The ‘completion and review’ phase of the audit.

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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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Question Posted: Jan 27, 2024 11:01 PM

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Explain briefly the auditors responsibility for assessing the propriety of the auditee adopting the going concern assumption

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i The Risk Assessment Phase of the Audit In the risk assessment phase of the audit the auditor is responsible for identifying and assessing the risks ...View the full answer

Principles Of External Auditing

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