Question
A statutory auditor of a listed company evaluates
whether the going concern assumption holds. He observes continuous losses, negative net worth, and pending litigation. However, the company has committed funding from a strategic investor. What should the auditor conclude?Solution
Auditor must include an Emphasis of Matter (EOM) to highlight going concern uncertainty as per SA 570, even if mitigating factors exist.
OUTLANDISH
Identify the highlighted part of speech, choose the correct answer
The student procrastinated too long and failed to finish the projectÂ
...From the options given below, select the option which states the correct combination of correct sentences.
- The fact is...
Most children remain ______ school between the age of seven and ten.
The satellite is functioning very well (A)/ and in another four days till now, (B)/ it will be placed into their (C)/ specified slot in the Geo-Synchron...
Select the statement that can logically complete the paragraph given below.
  That human beings often continue to pour money into bad project...
"An interview after the campaign ends (is the normal) for every candidate and every campaigner in every election," he said.
(As soon after the players arrived) in decorated cars, the ceremony began with traditional African drummers and dancers blowing conch shells.
Select the correctly punctuated sentence from the options below.
As a result of the unrellenting focus (A)/ on the anguished knocks (B)/ at the doors of the highest court, (C)/ the other inadequacies of the system (D)...
