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Which of the following items is incorrect about a going concern: Going concern risk is likely high when there is a loss of key suppliers.
Which of the following items is incorrect about a going concern:
Going concern risk is likely high when there is a loss of key suppliers. | ||
It is a belief that a client will continue its operation for the foreseeable future. | ||
It is the auditors responsibility to ensure its client remains a going concern. | ||
It is the auditors responsibility to carry out additional procedures if a going concern is in question. |
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