All of the factors below would be considered 'negative' factors (or red flags) when evaluating going concern, EXCEPT: an increase in the current ratio denial of trade credit by suppliers an increase in the ratio of total liabilities to total assets loss of a major customer negative cash flow In the final stages of an audit, an auditor will perform analytical procedures. What is the purpose of the analytical procedures performed at this point? Evaluate the overall financial statement presentation Determine if the assessed level of control risk was correct Evaluate whether proposed adjustments are material to the financial statements Determine if the achieved level of detection risk was equal to the planned level of detection risk Which of the following is TRUE about the consideration of an entity's ability to continue as a going concern? management is required to do their own evaluation of the entity's ability to continue as going concern if there is substantial doubt about the ability to continue as a going concern, an auditor will give a qualified opinion on the financial statements if a client is considered to be a 'going concern that would be considered a negative factor an auditor evaluates whether the entity will continue as a going concern for six months from the balance sheet date All of the following should be communicated to those charged with governance, EXCEPT: Disagreements with management over accounting matters Management's consultation with other accountants A discussion of the significant risks identified by the auditor during the risk assessment procedures The level of materiality used to plan the audit DA summary of uncorrected misstatements