Question
A basic assumption that underlies financial reporting is that an entity will continue as a going concern. Explain the assessment of the entity's going-concern status,
A basic assumption that underlies financial reporting is that an entity will continue as a going concern. Explain the assessment of the entity's going-concern status, including but not limited to: management responsibility, auditor's responsibility, and the effect on the auditor's report.
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Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
538476230, 978-0538476232
