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Alan and Toni have been working on the audit of Sundraw Corporation and have expressed concerns about the client's ability to continue as a going
Alan and Toni have been working on the audit of Sundraw Corporation and have expressed concerns about the client's ability to continue as a going concern. What recommendation should the pair make to firm management with respect to the financial statements? The pair should advise client management that they should not inform stakeholders of this concern, as it could affect the share price negatively. The pair should advise firm management that this should be listed as a note disclosure, in order to maintain transparency. The pair should advise firm management that a contingent liability should be recorded for the estimated amount of the liquidity or solvency shortfall. None of these answer choices are correct
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