Sharon and Jan are two audit staff associates working on the audit of Parrish Enterprises, a medium size firm and supplier of concrete and other building materials across the United States and Canada. Sharon is currently working on her first audit, and asks Jan to explain where responsibility for the going concern assumption and auditing this assumption rests. Which of the following represent Jan's most appropriate response to this question? O The responsibility for a client's going concern assumption rests with the firm's management. The auditors are responsible for evaluating this assumption. O The responsibility for a client's going concern assumption is the responsibility of the client's legal counsel. The client's internal audit function is responsible for testing this assumption. The responsibility for the client's going concern assumption rests with the external auditing firm. Senior management are responsible for approving the auditors opinion on this assumption. The responsibility for a client's going concern assumption rests with the auditor for publicly-traded firms; hence why the auditor is responsible for testing this assumption