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In the audit of Cerberus, SA, of Bydgoszcz, Poland, Merek Olzewski, Certified Public Accountant (CPA), found indications that Cerberus may have going concern problems.
Required:
A. List three financial, two operating and two other indications that Olzewski might have found that show Cerberus may have going concern problems.
B. Because the Going Concern assumption is in question, what additional audit procedures would Olzewski undertake?
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