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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

  1. Briefly explain the accounting assumption of going concern. Why is it of interest to auditors?

(6 marks)

  1. 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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