What should the auditor do?
As a result of analytical procedures, the auditor determines that the gross profit percentage has declined from 30% in the preceding year to 20% in the current year.┬а
A. Express a qualified opinion due to inability of the client company to continue as a going concern B. Evaluate management s performance in causing this decline C. Require footnote disclosure D. Consider the possibility of a misstatement in the financial statements
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