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Assume that you have performed the appropriate audit work regarding the going-concern assumption. In your opinion, the use of the going-concern assumption is not appropriate,
Assume that you have performed the appropriate audit work regarding the going-concern assumption. In your opinion, the use of the going-concern assumption is not appropriate, based on evidence collected. However, management disagrees and has prepared the 2020 financial statements under the going-concern assumption. Consider and document how this will impact the audit report that you will issue.
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