: We have a strong pipeline of customers, many of whom have agreed to purchase one or more of our machines in the next 12 months. There are no debt covenants on the external borrowings. Although the related party loans are recorded as a current liability, we have been told that these loans will not be called in the next 12 months.

To save time, can you please draft the required going concern note disclosure to be included in the financial statements? (a) Based only on the draft financial statements, identify and explain two (2) events or conditions that may cast doubt over the companys ability to continue as a going concern. (b) Referring to the relevant auditing standard, identify three (3) pieces of evidence the audit team should request from Surf's Up management to support its assessment of going concern. Justify your responses. (7 marks) (c) Explain why GCA cannot prepare the going concern note disclosure for the CFO