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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › GC procedures
Hi
There was a question in Sept 2016 (Elounda), in which question asked procedures auditor should perform in assessing whether company is going concern or not . The answer which is given by examiner would still be valid for 2018 na, there hasn’t been any change in this na?
No changes. That remains a good ‘teaching’ answer. Carry out all those tests and enquiries (then, perhaps, toss a coin ?).
Sir I did not understand what do you mean to say by toss a coin?
By toss a coin you mean to say that to conclude whether company is GC or not? Right?
Yes. It was simply making the point (I thought in a mildly humourous way) that despite all investigations GC is a matter of judgement and can easily be wrong.