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During an audit, it is noted that a company's management has plans to raise additional capital through equity to address its going concern issues. This
During an audit, it is noted that a company's management has plans to raise additional capital through
equity to address its going concern issues. This plan is considered by the auditor as:
A An indicator of insolvency.
B A violation of accounting standards.
C A mitigating factor for the going concern assessment.
D Insignificant for the going concern assessment.
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