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Auditing

Lectures 11 & 12

Audit reporting, materiality judgments, assertions and tests of detail, fraud, subsequent events, and going concern reporting.

Question 3 of 18

Company X has disclosed in their notes to the financial statements that there is a material uncertainty related with the going concern of the company. The auditor agrees with the assessment made by management. What should the auditor include in their audit report?

Pick one: press 1-4 on your keyboard or click an option.
A

Material uncertainty related with the going concern of the company

B

Key audit matter

C

Qualified opinion related with going concern of the company

D

Emphasis of matter