True/False
If, after considering identified conditions and management's plans, the auditor concludes that substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time remains, the audit report is usually a qualified audit opinion with an explanatory paragraph about the uncertainty (following the opinion paragraph) to reflect that conclusion.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: A<b> letter of audit inquiry</b> should be
Q9: Listed below are examples of matters that
Q10: The auditor, concluding that substantial doubt does
Q11: Identify the audit procedures normally associated with
Q12: An attorney's letter will have no impact
Q14: Professional standards require the auditor to communicate
Q15: In regard to identifying and evaluating subsequent
Q16: Listed below are examples of matters that
Q17: In regard to identifying and evaluating subsequent
Q18: The<b> management letter</b> is least likely to