Sam and Daniel have been tasked by their supervisor with auditing the going concern assumption of one of their largest audit clients. As this is the pairs first time auditing this assumption, they approach you for some suggestions on ways to audit this assumption Which of the following represents a viable way the pair could audit this assumption ?

- They should think about contacting the clients legal counsel independently of the client and requesting any and all info that would pertain to this assumption

- The pair could consider looking at key liquidity and solvency ratios as well as review minutes of board of directors meetings for any evidence that a going concern issue may be present

- They could consider requesting written confirmations and assurances from senior management to include in the current year's audit file

-none are correct