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Review AU Section 341; The Auditors Consideration of an Entitys Ability to Continue as a Going Concern, located here . Going ConcernPlease respond to the
Review AU Section 341; The Auditors Consideration of an Entitys Ability to Continue as a Going Concern, locatedhere.
Going Concern"Please respond to the following:
- From the e-Activity, analyze the auditors responsibility to determine if a company can continue as a going concern. From your analysis, propose at least two (2) key factors that the auditor should consider when determining an entitys ability to continue as a going concern. Provide a rationale to support your proposal.
- From the case study, analyze the inquiry letter sent by C.R. Brown. Next, determine at least one (1) omission that you believe occurred within the letter, and suggest one (1) way to improve the letter so that Consolidateds outside attorney may corroborate the information in the case. Provide a rationale to support your response.
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