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The auditor has determined that conditions and events he has identified raise substantial d about the company's ability to continue as a going concern beyond

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The auditor has determined that conditions and events he has identified raise substantial d about the company's ability to continue as a going concern beyond one year from the date the financial statements will be issued. What must the auditor now consider with regard to management's pla concern, with credible data and assumptions? writing his intent and ability to provide Has the auditor been given a cash flow forecast that predicts the company will remain a going If a third party providing support is part of management's plans, has the third party put in that support, and has that document been given to the auditor? If the co his intent and ability to provide that support, and has that document been given to the auditor? All of these things should be considered by the auditor, with regard to management's plan None of these things should be considered by the auditor, with regard to management's plans. mpany owner providing support is part of management's plans, has the owner put in 2. The auditor's primary means of obtaining corroboration of management's information ncerning litigation is a Letter of audit inquiry to the entity's lawyer. Letter of corroboration from the auditor's lawyer upon review of the legal documentation. Confirmation of claims and assessments from the other parties to the litigation. C. Confirmation of claims and assessments from an officer of the court presiding over the litigation Which of the following situations occurring a month after the balance sheet date would be most likely to require adjustment to the financial statements? A merger discussion. The application for a patent on a new production process. C. Discussions with a customer that could lead to a 40 percent increase in the entity's sales if agreement is successful. A customer files for bankruptcy and it is clear that there will be no money paid for unsecured debts, this customer owes $400,000 in Accounts Receivable that now will have to be 100% written off which of the following procedures should an auditor generally perform regarding subsequent

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