Surfer dude duds inc answers

I’m trying to study for my Accounting course and I need some help to understand this question.

Please read the case carefully at first, and then follow the Requirement document to write a 3 pages paper(double spaced) as the case analysis, you should answer all of the question and write it as case analysis(essay) format. Using your own words to write the case analysis. ThanksSurfer Dude Duds, Inc.: Considering the Going-Concern Assumption CONTENT REQUIREMENTS Requirement 1 What is a going concern opinion and what does it mean? How is it different than an unqualified audit opinion? (4 pts) Requirement 2 What are the types of information that the auditor should consider when determining whether a going concern opinion is appropriate? What audit procedures might an auditor perform to determine the appropriateness of the going concern opinion? (6 pts) Requirement 3 How might a going concern opinion become a “self-fulfilling” prophecy for Surfer Dude? (4 pts) Requirement 4 What are the potential implications to the audit firm if they issue an unqualified opinion without the going concern explanatory paragraph? (6 pts) Requirement 5 How might Mark convince George that a going concern opinion is in the best interests of all parties involved? Give some arguments that Mark might make. (6 pts) Requirement 6 Obtain “Audit Committee Characteristics and Auditor Dismissals following ‘New’ GoingConcern Reports” by Joseph Carcello and Terry Neal published in Accounting Review, January 2003. This can be located through the University’s library database EBSCO. You can skim the “Research Design and Sample” and “Results” sections since these may seem very confusing, and the gist of the paper can be obtained from the other sections – be sure to at least skim them, however.