Callie Peters is completing the audit of MakingNewFriends.com for the year ended December 31, 2016. Callie has
Question:
REQUIRED
a. According to auditing standards, what is the auditor's obligation to consider whether the client can continue as a going concern?
b. Over what time period is the auditor required to consider the client's ability to continue as a going concern?
c. What factors discussed above are relevant for a goingconcern assessment for MakingNewFriends.com ? What additional information might the auditor consider in the going concern assessment?
d. What responsibility does the auditor have to evaluate whether management's plans will be effective?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133405507
13th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
Question Posted: