5 (a) Compare and contrast the responsibilities of management, and of auditors, in relatio

5 (a) Compare and contrast the responsibilities of management, and of auditors, in relation to the assessment of

going concern. You should include a description of the procedures used in this assessment where relevant.

(7 marks)

5 Dexter Co(a) Responsibilities of management and auditorsResponsibilitiesISA 570 Going Concern provides a clear framework for the assessment of the going concern status of an entity, anddifferentiates between the responsibilities of management and of aud