SU 13 Flashcards
1
Q
6 steps to identify going concern issues
A
- Analytical procedures
- Review of subsequent events
- Review of compliance with debt and loan agreements
- Reading meeting minutes
- Inquiries from legal
- Confirmations from related and third parties for financial support
2
Q
Materiality
A
Materiality only applies to amounts in the FS, for example, not minute minutes
