Identify five additional procedure

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Question - ABC Co. has incurred net losses for the past three consecutive years and has some significant bank loans coming due at the end of its current fiscal year.

Required -

a) Identify any factors that may indicate a going-concern issue for ABC Co.

b) Describe the process the independent auditor should follow to evaluate whether ABC Co. is a going concern.

c) Identify five additional procedures that the independent auditor should perform in relation to ABC Co.'s ability to continue as a going concern.

Reference no: EM133019606

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