The final step for the auditor to perform with respect to doubts about an entity's ability to remain a going concern is to communicate_______.
A)all relevant findings to the internal audit function
B)all relevant findings to common stockholders
C)with those charged with governance
D)with all preferred stockholders

Question

Quizplus · Accepted Answer

The final step for the auditor is to communicate all relevant findings and doubts about going concern to those charged with governance, which may include the board of directors or the audit committee. This communication is required by auditing standards and is important for management to address any issues that threaten the entity's ability to continue operating. The auditor is not required to communicate these findings to the internal audit function or preferred stockholders, and common stockholders may not be able to provide sufficient oversight or action to address the issue.

The Final Step for the Auditor to Perform with Respect