Accounting · Auditing and Going Concern
As part of your assessment of going concern, you have reviewed the cash flow forecast, which is based on the assumption of significant increases in revenue. Which of the following procedures would provide the most reliable evidence regarding the validity of this assumption?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Discussions with management regarding their plans for obtaining new business
- 2A review of post year-end sales and the order book✓
- 3A review of board minutes showing details of new customers won
- 4Email correspondence between the sales director and potential new customers
Correct answer
A review of post year-end sales and the order book
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Auditing and Going Concern MCQs →Want more practice questions on Auditing and Going Concern?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Auditing and Going Concern