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Key Considerations for Assessing Going Concern Assumption
Posted by Vijayta Kamble
18 May 2020
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Assessment of Going Concern is one of the key areas which require the attention of Auditors and Management for the audit of financial statements for the year ended 31st March 2020. However, it is the general assumption of people that assessment of going concern is only the responsibility of auditors and not that of management.
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