Question: What does it mean when we say that a business is a going concern or, alternatively, has going concern issues? Why must an auditor specifically

What does it mean when we say that a business is a "going concern" or, alternatively, has "going concern issues"? Why must an auditor specifically consider evidence about the going concern assessment for each client?

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Going Concern states that under the going concern assumption an entity is viewed as continuing in bu... View full answer

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