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Auditors should accept some of the blame when a company on which they have expressed an unmodified audit opinion subsequently fails, and they should also

Auditors should accept some of the blame when a company on which they have expressed an unmodified audit opinion subsequently fails, and they should also do more to highlight going concern problems being faced by a company.

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Comment on the above assertion in view of different stakeholders who use audited financial statements. (30 marks)

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