You are a senior auditor at CPA LLP. This year, your audit client is Burnaby Wholesalers Ltd, a Canadian public listed firm that distributes building materials, hardware, gardening, and related products to retail stores that service the "do-it-yourself" home improvement market. The audit engagement team includes you, one engagement partner, three junior auditors, and two senior auditors. The fiscal year-end under audit is December 31, 2021. Prior to the current fiscal year, Burnaby Wholesalers was audited by another public accounting firm, but the client changed auditors in early June 2021 because management was dissatisfied with the predecessor audit firm's high audit fee and lack of timely service. During the audit of Burnaby Wholesalers, you encounter the following scenarios. Please respond to each scenario and include your discussions in one PDF document.

9. Burnaby Wholesalers is considering expanding to the U.S. market and the potential of becoming a firm cross-listed in the stock exchange in United States. The CFO at Burnaby Wholesalers noticed that U.S. GAAP requires managers to assess and disclose going concern uncertainty on a quarterly basis. The CFO is confused about the management's role and the auditor's role in providing going concern related disclosures. Please explain to the CFO about the different roles of management and auditors regarding going concern disclosure. In addition, please explain the relevant factors in assessing a firm's ability to continue as a going concern and comment on the possible investor's perception regarding the effectiveness of different mitigation plans that could potentially alleviate the substantial doubt in going concern. (10 marks)