Under Statement on Auditing Standards No. 59, "The Auditor's consideration of an Entity's Ability to continue as a Going Concern," an independent auditor is responsible for
a. Predicting whether the entity will be in business one year from the balance sheet date.
b. Evaluating whether there is substantial doubt about the entity's ability to continue as a going concern.
c. Weighing mitigating factors against contrary information about the entity's ability to continue as a going concern.
d. Reporting the entity's ability to continue as a going concern to senior management and to the board of directors.
Answer: B