Activity on Going Concern You are the audit manager of John & Co and you have been provided with financial statements extracts and the following information about your client, Dubai International Furniture Company, largest furniture manufacturer in UAE. Dubai International Furniture Company has recently been experiencing trading difficulties, as its major customer who owes OMR 5 Million to Dubai International Furniture Company has ceased trading, and it is unlikely any of this will be received. However, the balance is included within the financial statements of the company year ended 31 December 2019. The sales director Mr. Akbar has recently left Dubai international furniture company and has yet to be replaced. The monthly cash flow has shown a net cash outflow for the last five months of the financial year and is forecast as negative for the forthcoming financial year. As a result of this, the company has been slow in paying its suppliers and some are threatening legal action to recover. Required: A. As an auditor, explain the Circumstances creating doubt over entity's going concern. (Two Marks) B. According to ISA 570, Describe the audit procedures that you should perform in assessing whether or not the company is a going concern. (Two Marks) C. Describe the adequacy of disclosure in auditor conclusions of Dubai international furniture if you believe that the company is a going concern but a material uncertainty exists. (One Marks) Note: The last date to submit the activity is on Sunday 20/12/2020