The clients going concern status is an audit reporting issue that is addressed at the conclusion of
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The client’s “going concern” status is an audit reporting issue that is addressed at the conclusion of the audit. Auditing standards required the auditor to, asses whether the client is likely to continue in existence for a reasonable period of time after the date of the financial statements. Indicate reasons why the auditor should also asses the company’s going concern status in the planning stage of the audit.
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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