The going-concern evaluation is based on information obtained from:
A) normal audit procedures performed to test management's assertions
B) specific analytical procedures
C) management advice
D) internal audit results

Question

Quizplus · Accepted Answer

The going-concern evaluation is based on information obtained from normal audit procedures performed to test management's assertions. These procedures are designed to gather evidence about the financial statements and assess the entity's ability to continue as a going concern.

The Going-Concern Evaluation Is Based on Information Obtained From