Question
A stockbroker made the following statements: One of my first clients introduced himself by saying, I am John and I'd like to invest the 'Warren
A stockbroker made the following statements: "One of my first clients introduced himself by saying, I am John and I'd like to invest the 'Warren Buffet Way'. What shall we do? Get the annual reports of the top 200 companies. Analyse the accounts of each, assess 'value' and then go to the stock market and find out that wow, I'm right and the whole market is wrong, and the share price is trading below the true 'value'. Then purchase the shares and wait for that value to inevitably emerge".
assume you are an auditor conducting an audit and now have to make a decision about your clients "going concern" ability i.e., to assess if the client will be able to continue operating in future and there is no risk of corporate failure?
Can you answer this in 30 minutes?
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