If the auditor concludes that managements use of the going concern basis of accounting is...
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Accounting
If the auditor concludes that managements use of the going concern basis of accounting is appropriate in the circumstances but a material uncertainty exists, the auditor shall:
i) Determine whether financial statements disclose clearly that there is a material uncertainty
ii) Determine whether the financial statements adequately disclose the principal conditions that may cast significant doubt on the entitys ability to continue as a going concern.
iii) Determine whether the financial statements adequately disclose managements plans to deal with these events or conditions.
A.
i) and ii)
B.
i) and iii)
C.
Only i)
D.
i) , ii) and iii)
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