Auditors are required to evaluate the likelihood of each client continuing as a going concern for a reasonable period into the foreseeable future.

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This is a true statement. Auditors are required by auditing standards to assess the ability of a client to continue as a going concern for a reasonable period of time, usually defined as twelve months into the future. This assessment is an important part of the audit process and requires auditors to evaluate the client's financial position and performance, including its ability to meet its obligations as they become due.

Auditors Are Required to Evaluate the Likelihood of Each Client