Explain briefly the auditors responsibility for assessing the propriety of the auditee adopting the going concern assumption
Question:
Explain briefly the auditor’s responsibility for assessing the propriety of the auditee adopting the going concern assumption during:
(i) The ‘risk assessment’ phase of the audit.
(ii) The ‘evidence gathering’ phase of the audit.
(iii) The ‘completion and review’ phase of the audit.
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i The Risk Assessment Phase of the Audit In the risk assessment phase of the audit the auditor is responsible for identifying and assessing the risks ...View the full answer
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Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
Question Posted:
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