If new events or conditions indicate that the entity will not be able to continue as a going concern, the entity must: Group of answer choices treat this as a non-adjusting event and discloses the reason for the breach of the going concern assumption. disclose the assets and liabilities in the statement of financial position on a liquidation basis. treat this as an adjusting event and adjust the affected accounts in the financial report. prepare its financial report on a going concern basis and ask the auditor to indicate in the opinion the breach of the going concern basis.