Case D: Going-Concern Uncertainties In reviewing Bear Co.'s financial statements, Ace& Ace, CPAs, become aware of uncertainties about Bears ability to continue as a going concern. Ace&Ace believe these matters are important enough for Bear to disclose in the notes to its financial statements Questions. 1. What are Ace & Ace's reporting responsibilities if Bear either a) discloses the significant uncertainties? or b) refuses to disclose the significant uncertainties? 2. Would the answer to question 1 remain the same if Ace & Ace had been engaged to perform a compilation, rather than a review? 3. Would the answer to question 1 remain the same if Ace & Ace had been engaged to performa compilation of financial statements that omitted substantially all disclosures, rather than a review or compilation? Case D: Going-Concern Uncertainties In reviewing Bear Co.'s financial statements, Ace& Ace, CPAs, become aware of uncertainties about Bears ability to continue as a going concern. Ace&Ace believe these matters are important enough for Bear to disclose in the notes to its financial statements Questions. 1. What are Ace & Ace's reporting responsibilities if Bear either a) discloses the significant uncertainties? or b) refuses to disclose the significant uncertainties? 2. Would the answer to question 1 remain the same if Ace & Ace had been engaged to perform a compilation, rather than a review? 3. Would the answer to question 1 remain the same if Ace & Ace had been engaged to performa compilation of financial statements that omitted substantially all disclosures, rather than a review or compilation