Going Concern Quiz Closed Book Quiz! Question Title * 1. The term lack of going concern means: the entity is fiscally healthy and able to meet its financial obligations the auditor has expressed an unmodifed opinion the entity's fiscal health is suspect or it is deemed to have a risk of insolvency none of the above Question Title * 2. When investigating the fiscal solvency of the district in question, the county superintendent of schools shall use the following: studies, reports or evaluations prepared by outside parties findings by an external reviewer that identify moderate or high risk of insolvency based on the most common indicators of a district needing intervention school district audit all of the above Question Title * 3. In order to elicit a lack of going concern, the county superintendent must follow the proper timeline: can only be elicited after first interim can only be elicited after second interim can only elicited with adopted budget there is no timeline, lack of going concern can occur at any time during the fiscal year Done