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:
control environmental factors that affect the organizational structure.
correlation of detection risk and inherent risk.
effectiveness of the entity's internal control activities.
possible effects on the entity's financial statements.
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