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Determine whether each activity is part of the audit plan when considering an entity's ability to continue as a going concern. Select from the option
Determine whether each activity is part of the audit plan when considering an entity's ability to continue as a going concern. Select from the option list provided the best answer for each activity below. Each choice may be used once, more than once, or not at all. Activity Answer 1. Request an evaluation from the Securities and Exchange Commission 2. Perform analytical procedures 3. Review of compliance with debt and loan agreements 4. Confirmation with related and third parties of arrangements for financial support 5. Assess the difficulty, cost, and benefits of controlling the incremental audit risk 6. Evaluate personal financial statements of management 7. Read minutes of meetings of shareholders, the board, and committees 8. Examine the entity's statement of cash flows and determine the amount of cash on hand 9. Review subsequent receipts of payments from customers 10. Consult with legal counsel about litigation or probable governmental penalties
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