Page 16 - GOING CONCERN AND RELATED ISSUES
P. 16

GOING CONCERN AND RELATED ISSUES


                  Trading whilst Insolvent (continued...)






                    Auditing Professions Act








                    Reportable Irregularity


                    • If an entity trades recklessly, fraudulently or with the


                       intent to defraud then this amounts to an unlawful act,

                       and if the company is subject to an audit this must be

                       evaluated as a potential RI.





















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