a) What are the auditor's responsibilities for 'going concernassumptions''?

b) Maxim Stewart is the partner in charge of the audit for a new client, Southern Southerland(SS). The client engaged Maxim's audit firm in November 2017, in preparation for the 2018audit. From 30 January 2018 onwards, SS has consistently paid its suppliers late, well in excessof the suppliers' agreed credit terms. This has resulted in some suppliers demanding cash ondelivery from SS. Maxim is also aware from his review of correspondence between SS and itsbank that the company has been experiencing cash flow problems since 2016.

Required:Identify any significant events or conditions that individually or collectively maycast significant doubt on SS's ability to continue as a going concern.