Eva Islam, CPA is auditing a company where it is experiencing strikregularly, has been under investigation with non-compliance with legislation and is falling behind competitors. What kind of risk is being assessed?
A) fraud risk
B) going concern risk
C) a and b
D) none of the above

Question

Quizplus · Accepted Answer

The situation described indicates a going concern risk, as the company is facing significant operational and compliance challenges that could threaten its ability to continue operating in the foreseeable future.

Eva Islam, CPA Is Auditing a Company Where It Is