Evaluate why the accounting assumption of “going concern” is of interest to auditors

Evaluate why the accounting assumption of “going concern” is of interest to auditors. Are there specific audit procedures that must be performed related to the going concern assumption? Why or why not?

Why is the management representation letter obtained at the end of the audit? Discuss the impact on the audit if management refused to sign the management representation letter.

stresses the importance of communication with “those charged with governance.” Who are “those charged with governance?” Discuss why it is important that the auditor communicate with them (and not others).

Discuss the items an auditor communicates at the end of the audit to those charged with governance.