Which of the following factors is not relevant when management is assessing the going concern assumption?
A) Whether the auditor specialises 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 specialising in the client's industry is not relevant when assessing the going concern assumption. Relevant factors include the time into the future that an event is likely to take place, the nature and condition of the entity's business, and the size and complexity of the entity.

Which of the Following Factors Is Not Relevant When Management