Q:

Which of the following conditions or events most likely would cause an auditor to have substantial doubt about an entity\'s ability to continue as a going concern?

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:17| Question number:17.31

Ibrahimhamm

Save to bookmark

|

2022-07-02

|

111

0

Which of the following conditions or events most likely would cause an auditor to have substantial doubt about an entity's ability to continue as a going concern?

Communications with the audit committee indicate a higher than normal rate of employee turnover.
Normal trade credit from major suppliers has recently been restricted or denied.
There are a significant number of related party transactions occurring.
Plans to repurchase a large block of treasury stock have been delayed.

Accounting, textbook solutions, MCQ Questions, Accounting textbook-solutions, Accounting MCQ-questions,

login and add your own answer to this question

All Answers

Ibrahimhamm

2022-07-02

need an explanation for this answer? contact us directly to get an explanation for this answer

B. Normal trade credit from major suppliers has recently been restricted or denied.

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)