Question: When an auditor concludes there is substantial doubt about an entity's ability to continue as a going concen for a reasonable period of time, the
When an auditor concludes there is substantial doubt about an entity's ability to continue as a going concen for a reasonable period of time, the auditor's responsibility is to:
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prepare prospective financial information to verity whether managements plans can be eliecsury inclemersed.
project funire conditions and everts for a period of time not to exceed one year following the diste of the financial statiements.
consider the adequacy of disclosure about the entry's possibli inability to continue as a going concell.
true a quilifed or adverse opinion, depending upon materiality, because of the possible affects on the frinancal statements.
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