Which of the following factors is not relevant when management is assessing the going concern assumption?
A) whether the auditor specializes in the client's industry
B) the time into the future that an event is likely to take place
C) the nature and condition of the entity's business
D) the size and complexity of the entity

Question

Quizplus · Accepted Answer

The auditor's specialization in the client's industry is not relevant when assessing the going concern assumption. Relevant factors include the time frame for potential events, the entity's business and financial condition, and size and complexity.

Which of the Following Factors Is Not Relevant When Management