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Expected Questions Audit Principles and Practices May/june 2016 EXPECTED QUESTIONS AUDIT PRINCIPLES AND PRACTICES MAY/JUNE 2016Define ‘going concern’ and discuss the auditor’s responsibilities in respect of going concern.Going concern may be defined as a firm will continue to operate and exist for the foreseeable future without the necessity of liquidation or ceasing trade. It is.
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Auditor’S ResponsibilitiesGoing ConcernauditorQuestions Audit PrinciplesRisk Leverage