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D1 12:31 Question 9 Not yet answered Marked out of 1 P Flag question The use of going concern as a basis of accounting was
D1 12:31 Question 9 Not yet answered Marked out of 1 P Flag question The use of going concern as a basis of accounting was appropriate for an entity but there certain material uncertainties exists. What the auditor should do in this situation? 1. Ensure adequate disclosures in financial statements II. Express a modified opinion because of the firm's use of going concern as basis of accounting a. Only II is True b. Both are False c. Only 1 is True d. Both are True o
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