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✨ EY Prep 🩷
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Audit
🟡 Medium
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What is the going concern concept?
A.
The assumption that a company will be sold within 12 months
B.
The assumption that a company will continue operating for the foreseeable future and does not intend to liquidate
C.
The auditor's concern about the completeness of financial disclosures
D.
The principle that all assets must be valued at market price