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Flag question Question 34 Not yet answered Marked out of 1.00 Flag question Smart Consultancy Services, a leading IT company in the country prepared the
Flag question Question 34 Not yet answered Marked out of 1.00 Flag question Smart Consultancy Services, a leading IT company in the country prepared the financial statements for the year 2020. You are appointed as the auditor. According to you the 'going concern status of the company will become questionable in all of the following situations EXCEPT Weakening financial performance for the past three years 2018, 2019 and 2020 Failure to pay loan instalments promptly during the year 2020 Negative cash from operations for past two years 2019 and 2020 Positive financial ratios during the current financial year 2020
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