Analytical procedures during risk assessment of a going concern May identify only external matters that have occurred such as loss of a key franchise, loss of a principal customer, or work stoppages due to natural disaster May identify negative trends such as working capital deficiencies, adverse key financial ratios, and decreasing cash flow from operations May identify positive trends such as working capital deficiencies, adverse key financial ratios, and decreasing cash flow from operations May identify internal matters that have occurred such as legal proceedings