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    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 15: Audit Reports
  5. Question
    The Phrase "Substantial Doubt About the Company's Ability to Continue
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The Phrase "Substantial Doubt About the Company's Ability to Continue

Question 1

Question 1

True/False

The phrase "substantial doubt about the company's ability to continue as a going concern" is used in an unqualified opinion with an additional paragraph explaining the auditor's conclusions regarding the going concern assumption.

Correct Answer:

verifed

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