📖 Going Concern Assumptions — CPA Exam (AUD) | Auditing Course

Original Description

This video lecture explains the auditor's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. It covers the specific audit procedures used to identify indicators of financial distress and the resulting impact on the audit report, including the use of emphasis-of-matter paragraphs. Understanding these assumptions is critical for the CPA AUD exam and is a fundamental aspect of financial statement integrity.

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