The following are examples of circumstances that may indicate the possibility

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Examples of Circumstances That Indicate The Possibility of Fraud

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Examples of Circumstances That Indicate The Possibility of Fraud

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Examples of Circumstances That Indicate the Possibility of Fraud

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What are possible indications of going concern problems?

Signs of 'Going Concern' Issues.
Recurring operating losses or working capital deficiencies..
Loan defaults & debt restructuring..
Denial of credit from suppliers..
Dividend arrearages..
Disposals of substantial assets..
Work stoppages & other labor difficulties..
Legal proceedings or legislation that jeopardizes ongoing operations..

In which of the following circumstances would an auditor be most likely to express an adverse opinion?

09 The auditor should express an adverse opinion when the auditor, hav- ing obtained sufficient appropriate audit evidence, concludes that misstate- ments, individually or in the aggregate, are both material and pervasive to the financial statements.

Which of the following circumstances most likely would cause an auditor to suspect that there are material misstatements in an entity's financial statements?

Which of the following circumstances most likely would cause an auditor to believe that material misstatements may exist in an entity's financial statements? Accounts receivable confirmation requests yield significantly fewer responses than expected.

Which of the following conditions or events most likely would cause an auditor?

Negative cash flows from operating activities most likely would cause an auditor to have substantial doubt about an entity's ability to continue as a going concern.

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