The Auditor’s Responsibility with Going Concerns Read “The auditor’s consideration of an entity’s ability to continue as...

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Accounting

The Auditor’s Responsibility with Going Concerns
Read “The auditor’s consideration of an entity’s ability tocontinue as a going concern.”
Based on the reading, analyze the auditor’s responsibility todetermine whether a company can continue as a going concern. Fromyour analysis, propose at least two (2) key factors auditors needto consider when determining an entity’s ability to continue as agoing concern. Provide your rationale.

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The auditor has a responsibility to evaluate whether there is substantial doubt about the entitys ability to continue as a going concern for a reasonable period of time not to exceed one year beyond the date of the financial See Answer

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The Auditor’s Responsibility with Going ConcernsRead “The auditor’s consideration of an entity’s ability tocontinue as a going concern.”Based on the reading, analyze the auditor’s responsibility todetermine whether a company can continue as a going concern. Fromyour analysis, propose at least two (2) key factors auditors needto consider when determining an entity’s ability to continue as agoing concern. Provide your rationale.