Auditing standards require the auditor's assessment of going concern issues.

Question

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Auditing standards require the auditor to assess the entity's ability to continue as a going concern for a reasonable period of time, which includes evaluating management's plans, assessing the entity's financial position, and considering events or conditions that may cast significant doubt on the entity's ability to continue as a going concern.

Auditing Standards Require the Auditor's Assessment of Going Concern Issues