17. Which of the following audit procedures most likely would assist an auditor in identifying conditions and events that may indicate there could be substantial doubt about an entity's ability to continue as a going concern? (A) Confirmation of accounts receivable from principal customers. (B) Review of compliance with terms of debt agreements. (C) Reconciliation of interest expense with debt outstanding. (D) Confirmation of bank balances.

25. The audit firm issues an audit report for its client. The auditors have no obligation to make further inquiries with respect to the client's audited financial statements unless? (A) a development occurs that may affect the company's long-term viability. (B) final resolution was made on disclosed contingency for which no liability needed to be accrued. (C) new information comes to the auditor's attention concerning an event that occurred prior to the date of the audit report that, if known, would have impacted the audit opinion. (D) a lawsuit, in which the risk of loss was considered remote, was resolved in the company's favor.

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