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For a private company client that follows GAAP, auditors must consider the going concern assumption for a reasonable period of time, which is: one year from the date the financial statements are issued
For a private company client that follows GAAP, auditors must consider the going concern assumption for a reasonable period of time, which is:
one year from the date the financial statements are issued.
one year from the completion of fieldwork.
one year from the date of the financial statements.
one year from the completion of interim audit procedures.
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