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Auditing Professor Fuerman - Chapter 17 quiz 1. The auditor has determined that conditions and events he has identified raise substantial doubt about the company's
Auditing Professor Fuerman - Chapter 17 quiz 1. The auditor has determined that conditions and events he has identified raise substantial doubt about the company's ability to continue as a going concern beyond one year from the date the financial statements will be issued. What must the auditor now consider with regard to management's plans? A. Has the auditor been given a cash flow forecast that predicts the company will remain a going concern, with credible data and assumptions? B. writing his intent and ability to provide that support, and has that document been given to the auditor? C. If the company owner providing support is part of management's plans, has the owner put in writing his intent and ability to provide that support, and has that document been given to the auditor? D. All of these things should be considered by the auditor, with regard to management's plans. E. None of these things should be considered by the auditor, with regard to management's plans. If a third party providing support is part of management's plans, has the third party put in
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