Question: An auditor has substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time because of negative cash
An auditor has substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time because of negative cash flows
and working capital deficiencies. Under these circumstances, the auditor would be most concerned about the
Multiple Choice
correlation of detection risk and inherent risk.
possible effects on the entity's financial statements.
effectiveness of the entity's internal control activities.
control environment factors that affect the organizational structure.
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