1. Why should the auditor ordinarily disclaim an opinion when the client imposes significant limitations on the audit procedures? 2. Describe the term ‘substantial doubt about going concern status’...

1. Why should the auditor ordinarily disclaim an opinion when the client imposes significant limitations on the audit procedures?

2. Describe the term ‘substantial doubt about going concern status’ and the auditor’s responsibility in this respect. What are the different forms of audit opinions with regard to going concern assumption?

3. Provide examples of events or conditions that underpin the going concern assumption under ISA 570 (IFAC) and SAS 59 (AICPA). How can an external auditor judge the validity of this assumption in different

circumstances?