Question: An auditor has substantial doubt about the entity's ablity to cortinue ais a going concern for a reasonable period of lime because of negative canh
An auditor has substantial doubt about the entity's ablity to cortinue ais a going concern for a reasonable period of lime because of negative canh flows and working caplas deficiencies. Under these clroumatanoes, the auditor would be most concemed about the:
A Control ervironment factors that affect the organicational structure
Correlation of defection risk and inherent risk.
C Effectiveness of the entity's control activities.
D Possible effocts on the entity's financial statements.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
