I am having a little trouble with understanding this question. On one of the Becker sims, there is a sim that says "In the following table, select the requirements that apply to each engagement"
The requirements are then listed, and you have to check each box that required procedures need to be performed for each type of engagement (audit, review, etc)
One of the box says "Specific procedures to evaluate going concern". The box, according to Becker, should be checked for an Audit engagement. Can anyone explain why? I am going through the book, and there is a blurb that says "US auditing standards do not require specific procedures related to the going concern assumption, but instead require the auditor to consider whether the results of the audit procedures... indicate that there could be substantial doubt about going concern."
Any help would be appreciated. Thank you!