1.You have recently completed the audit of Diss plc and are in the process of finalising the audit opinion for the year ended 30 April 2019.The directors are satisfied that Diss will remain a going concern to 31 December 2019 without further financing but agree that after then further financing will be needed.They are confident of negotiating a satisfactory deal with their bankers by 31 December 2019 that will finance the business through to the end of 2020.You still have reservations as to whether Diss is a going concern.

a)What are the responsibilities of directors and auditors in determining whether a company is a going concern?(8 marks)

Diss has agreed to disclose the need for further financing after 31 December in their accounts.Outline the further audit work you would undertake to satisfy yourself as to whether Diss is a going concern.