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Briefly explain the accounting assumption of going concern. Why is it of interest to auditors? (6 marks) Briefly explain how the COVID-19 pandemic of 2020
- Briefly explain the accounting assumption of going concern. Why is it of interest to auditors?
(6 marks)
- Briefly explain how the COVID-19 pandemic of 2020 might impact on business and, by referencing the relevant auditing standard, why would this be of interest to auditors?
(8 marks)
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