Page 225 - CA Inter Audit PARAM
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CA Ravi Taori
or collectively, may cast significant doubt on the entity’s ability to continue as a going concern and, if
so, management’s plans to address them; or
(ii) If such an assessment has not yet been performed, the auditor shall discuss with management the
basis for the intended use of the going concern basis of accounting, and inquire of management whether
events or conditions exist that, individually or collectively, may cast significant doubt on the entity’s
ability to continue as a going concern.
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