The auditor must consider whether it is appropriate to assume that the client will remain as a

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The auditor must consider whether it is appropriate to assume that the client will remain as a going concern:

(a) because this means that assets are valued on the basis that they will continue to be used for the purposes of conducting business.

(b) only if the client is facing bankruptcy, and long-term debt is likely to be withdrawn.

(d) because mitigating circumstances are not important.

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Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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Question Posted: Apr 05, 2019 11:33 AM

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The auditor must consider whether it is appropriate to assume that the client will remain as a

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a Because this means that ...View the full answer

Auditing A Practical Approach

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