Accounting · Going Concern
Under auditing standards, what minimum period must management's assessment of an entity's ability to continue as a going concern cover?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1At least 12 months from the date of the auditor's report
- 2At least 12 months from the date of the financial statements✓
- 3A maximum of 12 months from the date of the auditor's report
- 4A maximum of 12 months from the date of the financial statements
Correct answer
At least 12 months from the date of the financial statements
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