Multiple Choice
When an auditor concludes there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time, the auditor's responsibility is to:
A) prepare prospective financial information to verify whether management's plans can be effectively implemented.
B) project future conditions and events for a period of time not to exceed one year following the date of the financial statements.
C) issue a qualified or adverse opinion, depending upon materiality, because of the possible effects on the financial statements.
D) consider the adequacy of disclosure about the entity's possible inability to continue as a going concern.
Correct Answer:

Verified
Correct Answer:
Verified
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