It is August 2016 and the first audit for Springsteen Ltd. with your audit firm (refer to

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It is August 2016 and the first audit for Springsteen Ltd. with your audit firm (refer to question 12.9) for the 2015–16 year is almost complete. Prior to reaching your final conclusions, you are reviewing the working papers for the year ended June 30, 2016. The material bank loan with Eastcoast Bank was extended in September 2015 for another 12 months. 


Required 

Given the history of the bank loan, outline two types of documentation you would expect to see included in the audit file to provide audit evidence that this year’s financial report can be prepared on a going concern basis.

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Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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