Multiple Choice
The financial report of Fast Dollar Ltd indicates that there may be some going concern problems.However, the auditor concludes, based on mitigating factors, that the client will most likely continue as a going concern during the next year.The mitigating factors are adequately disclosed in the accounts.What type of audit opinion should the auditor express?
A) Disclaimer of opinion.
B) Unmodified opinion.
C) Qualified or adverse opinion.
D) Unmodified opinion with a Material Uncertainty Related to Going Concern paragraph.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Cassidy Ltd, a listed company, refuses to
Q11: An auditor's report on comparative financial reports
Q12: An auditor would issue an adverse opinion
Q13: Richards Ltd has reported losses two years
Q14: Costello, as principal auditor for the consolidated
Q16: When an audited financial report is presented
Q17: An entity is facing significant litigation as
Q18: Under which of the following sets of
Q19: On 2 July 20X0 Fluro Paint Ltd
Q20: An entity operates in a highly regulated