Writing Homework Help

Going Concern Assessment

(a.) Read the Journal of Accountancy article (Link Below) regarding going concern assessments during
economic turmoil. Summarize the auditor’s general objectives when performing a going concern
assessment and the special factors that should be considered during this period of uncertainty.

https://www.journalofaccountancy.com/news/2020/apr…

(b.) For your company (Clorox Company), discuss factors the auditors may need to consider for an upcoming
going concern assessment. What is a potential reason for and a potential reason against issuing a going
concern opinion in the coming year (based on their most recently issued financial statements and the way
they may continue to be affected by the COVID-19 pandemic)?

Requirements:

Times New Roman, Size 12 font, Single spaced, Standard margins.