Auditing standards require auditors to evaluate whether there is a substantial doubt about a client's ability to continue as a going concern.One of the most important audit procedures to perform to assess the going concern question is:
A)analytical procedures.
B)confirmations from creditors.
C)statistical sampling procedures.
D)inquiries of client and its legal counsel.

Question

Quizplus · Accepted Answer

Analytical procedures help auditors identify trends and unusual financial relationships that may indicate financial distress, which is crucial for assessing going concern.

Auditing Standards Require Auditors to Evaluate Whether There Is a Substantial