Question: Explain what is meant by a close call in evaluating the going concern. If, in assessing a close call, the auditor concludes that the client

Explain what is meant by a “close call” in evaluating the going concern. If, in assessing a “close call,” the auditor concludes that the client does not need to disclose a material uncertainty related to going concern, why is it likely to be considered a key audit matter?

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