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1. The auditor must consider whether it is appropriate to assume that the client will remain as a going concern: a. if there are

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1. The auditor must consider whether it is appropriate to assume that the client will remain as a going concern: a. if there are mitigating circumstances. b. only if the client is listed on a stock exchange. c. because going concern means the client is facing bankruptcy. d. because this question affects the appropriate basis for valuing assets.

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