Multiple Choice
The auditor of Kennedy Ltd has serious doubts that the entity will continue as a going concern.There is adequate disclosure of this significant uncertainty in the notes to the financial report.The uncertainty is the result of a single factor affecting the client.What type of audit opinion should the auditor express?
A) Unmodified opinion with an Other Matter paragraph.
B) Qualified opinion.
C) Adverse opinion.
D) Unmodified opinion with a Material Uncertainty Related to Going Concern paragraph.
Correct Answer:
Verified
Correct Answer:
Verified
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