Multiple Choice
If the auditor concludes that it is highly improbable that the client will continue as a going concern, the auditor should, in accordance with ASA 700:
A) issue a disclaimer of opinion.
B) issue an unqualified report but explain the concerns in the opinion paragraph.
C) include an emphasis of matter section in the audit report.
D) express an adverse opinion.
Correct Answer:
Verified
Correct Answer:
Verified
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Q22: The audit procedures for the subsequent events
Q23: Subsequent events which require adjustment to the
Q24: What are the five main aspects of
Q25: The subsequent discovery of facts requiring the
Q26: Which one of the following is NOT