Audit – Going concern period

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    Topic
  • #169016
    greenli2
    Member

    Hey Everyone

    Im doing my final review for Audit and found a discrepancy between Becker and Wiley with regards to the going concern period under IAS.

    According to Becker the period is at least one year from the date of the auditors report. According to Wiley the period is one year from the date of the financial statements.

    Does anyone know which is correct.

    Thanks!

    BEC - 2/13 - 87
    Audit - 4-16 - 99
    Reg - 5-29 - 94
    Far- 8-13 - 97

    I use becker self-study, final review, flash cards, wiley test bank, and I make my own flash cards using studyblue.com

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  • #336959
    Givemesleep
    Member

    Balance sheet date

    Reg 11/15/2011 - 80
    Aud 02/28/2012 - 81
    Bec 05/31/2012 - 78
    Far 08/31/2012 - 83 Do you believe in Miracles, YES !!!

    CPA License received 10/2012 !!
    CFE License received 04/2013 !!
    EA License received

    Givemesleep

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