Question
QUESTION 4 ANSWER ALL PARTS OF THIS QUESTION a. What is the 'going concern' concept and why is it of interest to auditors when
QUESTION 4 ANSWER ALL PARTS OF THIS QUESTION a. What is the 'going concern' concept and why is it of interest to auditors when they undertake their tests? [8 marks] b. What are the considerations that an auditor should make when deciding what opinion to provide in terms of the 'going concern' concept? [9 marks] c. Explain six audit procedures that could be used to evaluate the 'going concern' of an enterprise. For each procedure you should identify a warning sign that the auditor may discover indicating that the enterprise may not be a going concern. [18 marks] TOTAL 35 MARKS
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