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Going Concern Assessment Checklist

Evaluates indicators of financial distress and management's mitigation plans under PCAOB/AICPA standards.

Evaluate whether there is 'substantial doubt' about {client_name}'s ability to continue as a going concern. Consider these facts: {negative_cash_flow_amount}, {debt_covenant_status}, and {upcoming_legal_settlement}. Suggest 3 audit procedures to evaluate management's plans to mitigate these conditions.

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Details

๐Ÿ”

Category

Auditing & Assurance

Going Concern Assessment

Tested With

โœ“ GPT-4oโœ“ Claude 3.5 Sonnet

Tags

#Going Concern#PCAOB#Reporting

Added

5m ago

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