For the purpose of assessing the going-concern assumption, it is presumed that the auditor will consider whether
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Give reasons that auditors are not required considering the entity’s ability to continue as a going concern for a period longer than one year. In your opinion, is this one-year limitation reasonable? Explain and evaluate possible alternative approaches to support your opinion.
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Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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