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SimplyCPA

Question of the Day

Wed, 7 October 2026

From the archive. Past questions don't count towards your streak, but they're good practice.

AUDRelated Parties & Going Concern

Management discloses that related party transactions were conducted on terms equivalent to arm's-length transactions but cannot support this. Management refuses to change the disclosure. The auditor should:

Or jump straight to Related Parties & Going Concern.